Envela: Q2 Earnings Insights

Envela ELA reported its Q2 earnings results on Wednesday, August 3, 2022 at 04:00 PM.

Here's what investors need to know about the announcement.

Earnings

Envela beat estimated earnings by 40.0%, reporting an EPS of $0.14 versus an estimate of $0.1.

Revenue was up $8.92 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.03 which was followed by a 2.12% drop in the share price the next day.

Here's a look at Envela's past performance:

Quarter Q1 2022 Q4 2021 Q3 2021 Q2 2021
EPS Estimate 0.07 0.09 0.08 0.07
EPS Actual 0.10 0.10 0.12 0.08
Revenue Estimate 30.62M 41.22M 37.66M 32.94M
Revenue Actual 47.41M 44.10M 37.70M 33.72M

Listen to the earnings announcement yourself by clicking here.

To track all earnings releases for Envela visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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