Q: Elva is down 10 percent today. Can you report on their earnings?
Would you buy a full or partial position? Or would you wait?
Would you buy a full or partial position? Or would you wait?
5i Research Answer:
EPS of 2c beat estimates of 1.9c; revenue of $18.05M marginally missed estimates. EBITDA of $2.83M beat estimates by 9.7%. 2026 guidance was slightly below estimates and this caused some profit-taking after its big run. Two brokers have increased their targets post-earnings. Sales rose 20%. Margins rose 2.3 points. The balance sheet remains fine and good growth for the year is still expected. It is a small company with associated risks, but we woud be ok buying the dip.