Recap: Envela Q1 Earnings - Envela (AMEX:ELA)

Envela ELA reported its Q1 earnings results on Wednesday, May 3, 2023 at 04:00 PM.

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

Envela beat estimated earnings by 125.0%, reporting an EPS of $0.09 versus an estimate of $0.04.

Revenue was up $974 thousand from the same period last year.

Last quarter the company beat on EPS by $0.09 which was followed by a 8.03% drop in the share price the next day.

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

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	0.13	0.12	0.10	0.07
EPS Actual	0.22	0.12	0.14	0.10
Revenue Estimate	47.59M	42.51M	37.75M	30.62M
Revenue Actual	47.43M	45.20M	42.64M	47.41M

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.