Mark your calendars for Tuesday 5th November 2024, as Envela Corporation (NYSE AMERICAN: ELA) is set to unveil its third quarter financial results. This highly anticipated announcement will be made after market close, giving investors and market participants a chance to assess the company's financial performance.
As per the predictions of financial analysts on Wall Street, the concern is set to report an estimated per share $0.04 profit for the third quarter. Additionally, the company is projected to unveil a revenue of $38.33 million for the period.
Upon revisiting the corresponding quarter from the prior year, the company's earnings report demonstrated a per-share income of $0.06. This figure was attributed to the company's total revenue, which reached an impressive $36.27 million during that same period.
Wall Street analysts have offered their forecasts for the company's yearly performance, predicting a total revenue of $164.14 million. At the same time, they are expecting the company to achieve per share profit of $0.21 for the fiscal year ahead.
Envela Corporation (ELA) closed Friday's regular trading session at $5.22, reflecting a 0.76 percent drop. During the day, ELA shares traded between $5.22 and $5.32, with a day volume of 16.10 thousand shares.
