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ELA — Envela News Story

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Envela Q1 revenue more than doubles, beats estimates on strong demand

Overview

US re-commerce firm's Q1 revenue more than doubled yr/yr

Q1 diluted EPS rose to $0.34 from $0.10 a year ago

Company cites strong demand in both consumer and commercial segments, plus favorable precious metals markets

Outlook

Company did not provide specific financial guidance for the current or future periods

Result Drivers

CUSTOMER ACTIVITY - Co said continued customer activity across platforms supported Q1 results

MARKET CONDITIONS - Constructive precious metals and secondary goods markets contributed to performance, per CEO John Loftus

EXPANSION STRATEGY - Co continued to execute on expansion strategy, including opening a new retail store

Company press release: ID:nACShQKtHa

Key Details

MetricBeat/MissActualConsensus Estimate
Q1 Revenue$98.40 mln$52.80 mln (2 Analysts)
Q1 EPS$0.34$0.10 (2 Analysts)
Q1 Net Income$8.80 mln$2.68 mln (2 Analysts)
Q1 Adjusted EBITDA$11.70 mln$3.96 mln (2 Analysts)
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell" The average consensus recommendation for the apparel & accessories retailers peer group is "buy" Wall Street's median 12-month price target for Envela Corp is $16.50, about 5% below its May 5 closing price of $17.37 The stock recently traded at 32 times the next 12-month earnings vs. a P/E of 33 three months ago For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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