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luckygm

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luckygm

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Re: ecoblot post# 105156

Friday, 05/19/2023 3:26:35 PM

Friday, May 19, 2023 3:26:35 PM

Post# of 113890
Zacks Investment Research-ELTK

Due to the strong gross margin results in the 1st quarter, we are raising our 2023 annual EPS estimate
to $0.94 from $0.61. We also increase our 2023 revenue estimate to $46.3 million from $44.6 million due
to strong revenue growth in the 1st quarter of 2023.
We are also increasing our price target to $11.00 as a result of gross margin targets being reached
earlier than we anticipated. That price target, if achieved, would put the stock selling at roughly 10x our
2024 EPS estimate of $1.07. Based on the last closing price of $5.41, ELTK stock is currently selling at
5.0x our revised 2023 EPS estimate.
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