Eltek Ltd reports results for the quarter ended in June - Earnings Summary

Eltek

16/08/2024 01:35

* Eltek Ltd  ELTK.OQ  reported quarterly adjusted earnings
of 11
cents​​ per share for the quarter ended in June, lower than the
same quarter last year, when the company reported EPS of 22
cents.  The lone analyst forecast for the quarter was
for earnings of 25 cents per share. 
    * Revenue fell 5.2% to $10.47 million from a year ago;
analysts
expected $11.90 million. 
    * Eltek Ltd's reported EPS for the quarter was 11 cents​.
    * Eltek Ltd shares had risen by 14.9% this quarter and
lost 19.7%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.8%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 
    * Wall Street's median 12-month price target for Eltek Ltd
is
$15.00 

This summary was machine generated from LSEG data August 16 at
12:35 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.25           0.11           Missed
 Mar. 31 2024      0.26           0.27           Beat
 Dec. 31 2023      0.31           0.22           Missed
 Sep. 30 2023      0.31           0.36           Beat