Eltek Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags [Yahoo! Finance]
Eltek Ltd. - Ordinary Shares (ELTK)
US:NASDAQ Investor Relations:
eleceltek.com/en/financial.php?tid=5
Company Research
Source: Yahoo! Finance
The decrease in margin was driven by higher expenses. EPS missed analyst estimates by 19%, with a reported EPS of US$0.26 compared to US$0.36 in 3Q 2023. Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Electronic industry in the US. The company's shares are up 4.3% from a week ago, but Eltek is showing 4 warning signs in the investment analysis, with 1 of those being potentially serious. Revenue: US$13.5m (up 14% from 3Q 2023). Net income: US$1.71m (down 20% from 3Q 2023). Profit margin: 13% (down from 18% in 3Q 2023). The decrease in margin was driven by higher expenses. EPS: US$0.26 (down from US$0.36 in 3Q 2023). All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue exceeded analyst estimates by 9.0%. Earnings per share (EPS) missed analyst estimates by 19%. Looking ahead, revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a
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ELTK
Earnings
- 11/19/24 - Miss
ELTK
Sec Filings
- 11/19/24 - Form 6-K
- 11/12/24 - Form 6-K
- ELTK's page on the SEC website