Eltek Q1 EPS $0.27 Beats $0.26 Estimate, Sales $11.78M Miss $12.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
Eltek (NASDAQ:ELTK) reported Q1 earnings per share of $0.27, beating the analyst estimate of $0.26. However, sales of $11.78 million missed the $12.00 million estimate. Sales increased by 2.73% year-over-year.
May 21, 2024 | 11:32 am
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Eltek's Q1 EPS of $0.27 beat estimates by 3.85%, but sales of $11.78M missed expectations by 1.81%. Sales increased by 2.73% YoY.
While Eltek's EPS beat estimates, the sales miss and the modest year-over-year sales increase suggest a mixed performance. This could result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100