Envela Q1 2024 GAAP EPS $0.07 Beats $0.06 Estimate, Sales $39.858M Beat $36.593M Estimate

5/8/24 5:38:06 PM ET

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Envela (AMEX:ELA) reported quarterly earnings of $0.07 per share which beat the analyst consensus estimate of $0.06 by 16.67 percent. This is a 22.22 percent decrease over earnings of $0.09 per share from the same period last year. The company reported quarterly sales of $39.858 million which beat the analyst consensus estimate of $36.593 million by 8.92 percent. This is a 19.98 percent decrease over sales of $49.810 million the same period last year.

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Date	Price Target	Rating	Analyst
7/28/2021	$10.00	Buy	Lake Street

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Four Nines Announces Grand Openings in San Antonio
SAN ANTONIO, TX / ACCESSWIRE / October 15, 2024 / Four Nines, the innovative retail concept from Envela Corporation, is excited to announce the grand opening of its newest two stores in San Antonio, Texas, at 8597 Blanco Road and 17641 Bulverde Road. The Bulverde store had a soft opening over the past couple of weeks, and both stores will officially open their doors on Tuesday, October 15th, bringing a fresh and unique shopping experience to the local community.With a commitment to sustainability and value, Four Nines aims to provide customers with an opportunity to shop for premium products at accessible prices. The stores' name, Four Nines, reflects the quality of their merchandise, reflec
10/15/24 8:00:00 AM ET
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Following a Planned Succession Process, Envela Appoints John DeLuca as Chief Financial Officer
Former CFO Remains as Strategic AdvisorDALLAS, TX / ACCESSWIRE / March 21, 2024 / Envela Corporation (NYSE:ELA) ("Envela" or the "Company"), announced today that after seven years as the Company's Chief Financial Officer, Bret Pedersen is stepping down. Following a planned succession process, John DeLuca will be appointed as the new CFO, beginning March 25, 2024.DeLuca currently serves as the company's Vice President of Finance and Commercial Segment Controller. As CFO, he will report directly to Envela's CEO, John Loftus. Pedersen will transition to a new role within Envela, serving as Vice President and Strategic Advisor until the end of 2024.Loftus said of Pedersen, "Bret has been an exce
3/21/24 8:30:00 AM ET
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Envela Corporation Holds Annual Shareholders Meeting
IRVING, TX / ACCESSWIRE / June 23, 2023 / Envela Corporation (NYSE:ELA) ("Envela" or the "Company"), today held its annual shareholders meeting. Following are the preliminary results for the two proposals voted upon by shareholders:Envela shareholders elected John Loftus, Allison DeStefano, Alexandra Griffin, Richard Schepp, and Jim Ruth to the board of directors for one-year terms, with an average vote in favor of more than 97 percent of the votes cast.A proposal to ratify the appointment of Whitley Penn LLP as Envela's independent registered public accounting firm for fiscal year 2023 received more than 99 percent of the votes cast.Envela's 10-K, proxy, and information about the company's
6/23/23 9:25:00 PM ET
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Envela Reports Third Quarter 2024 Financial Results
IRVING, TX / ACCESSWIRE / November 5, 2024 / Envela Corporation today reported financial results for its third quarter ended September 30, 2024. The Company reported quarterly revenue of $46.9 million and quarterly earnings per diluted share of $0.06.Management Commentary"Today, we are excited to announce a new third-quarter revenue record of $46.9 million, reflecting a 27.2 percent increase compared to last year. This achievement highlights the dedication of our exceptional people, who remain focused on building a solid foundation for outstanding growth," said John Loftus, Envela's CEO. "Our teams work hard to deliver extraordinary value to our clients; they are the backbone of our company
11/5/24 2:06:00 PM ET
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Envela to Announce Third Quarter 2024 Financial Results on November 5
IRVING, TX / ACCESSWIRE / October 29, 2024 / Envela Corporation announced today that it plans to report its financial results for the third quarter of 2024 after the market closes on Tuesday, November 5, 2024.About EnvelaEnvela Corporation (NYSE American:ELA), a leading provider of re-commerce services, is at the forefront of the circular economy. The company is comprised primarily of two key business segments: Consumer and Commercial. The Consumer segment operates retail stores and online sites that offer premium brands and luxury hard assets, while the Commercial segment provides personalized re-commerce solutions to meet the needs of various clients, including Fortune 500 companies. We ex
10/29/24 1:15:00 PM ET
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Consumer Discretionary
Four Nines Announces Grand Openings in San Antonio
SAN ANTONIO, TX / ACCESSWIRE / October 15, 2024 / Four Nines, the innovative retail concept from Envela Corporation, is excited to announce the grand opening of its newest two stores in San Antonio, Texas, at 8597 Blanco Road and 17641 Bulverde Road. The Bulverde store had a soft opening over the past couple of weeks, and both stores will officially open their doors on Tuesday, October 15th, bringing a fresh and unique shopping experience to the local community.With a commitment to sustainability and value, Four Nines aims to provide customers with an opportunity to shop for premium products at accessible prices. The stores' name, Four Nines, reflects the quality of their merchandise, reflec
10/15/24 8:00:00 AM ET
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Envela Q1 2024 GAAP EPS $0.07 Beats $0.06 Estimate, Sales $39.858M Beat $36.593M Estimate

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Recent Analyst Ratings for
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Lake Street initiated coverage on Envela with a new price target

$ELA
Leadership Updates

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Four Nines Announces Grand Openings in San Antonio

Following a Planned Succession Process, Envela Appoints John DeLuca as Chief Financial Officer

Envela Corporation Holds Annual Shareholders Meeting

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