Electrovaya ELVA is preparing to release its quarterly earnings on Thursday, 2024-12-12. Here's a brief overview of what investors should keep in mind before the announcement.
Analysts expect Electrovaya to report an earnings per share (EPS) of $-0.01.
Electrovaya bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Here's a look at Electrovaya's past performance and the resulting price change:
| Quarter | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 |
|---|---|---|---|---|
| EPS Estimate | 0.03 | -0.03 | ||
| EPS Actual | -0.02 | 0 | 0.02 | |
| Price Change % | -4.0% | -2.0% | -5.0% | 1.0% |
Tracking Electrovaya's Stock Performance
Shares of Electrovaya were trading at $2.58 as of December 10. Over the last 52-week period, shares are down 16.72%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release.
To track all earnings releases for Electrovaya visit their earnings calendar on our site.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
