I'm LongbridgeAI, I can summarize articles.Elmet Group Co (NASDAQ: ELMT) will release its first quarter earnings on May 29, expecting earnings of -$0.01 per share and revenue of approximately $55 million. This follows their IPO on April 23, 2026, which raised $111-120 million at $13 per share. The company reported $201.6 million in revenue and a net income of $4.37 million for 2025. Investors are keenly awaiting the quarterly results and management's outlook.
Elmet Group Co (NASDAQ:ELMT) will release earnings for its first quarter before the opening bell on Friday, May 29.
Analysts expect the Portland, Maine-based company to report quarterly earnings of -$0.01 per share on revenue of approximately $55 million. This will be the company's first earnings release since its IPO on April 23, 2026.
Elmet Group generated $201.6 million in trailing twelve-month revenue and $4.37 million in net income for full year 2025.
The IPO, priced at $13 per share, raised $111-120 million. Investors will keep a close eye on the first standalone quarterly performance and management's guidance. The stock has traded near its IPO price in the low-to-mid $14 range heading into the report.
Shares of Elmet Group rose 4.11% to close at $16.20 on Thursday.
Benzinga readers can access the latest analyst ratings on the <a href=”https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie“><em> Analyst Stock Ratings </em></a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href=”https://www.benzinga.com/quote/ELMT/analyst-ratings“><em> analysts have rated the company </em></a> in the recent period.
- Needham analyst James Ricchiuti initiated coverage on the stock with a Buy rating and a price target of $21 on May 18, 2026. This analyst has an accuracy rate of 83%.
- Cantor Fitzgerald analyst Colin Canfield initiated coverage on the stock with an Overweight rating on May 18, 2026. This analyst has an accuracy rate of 74%.
- Cannacord Genuity analyst Austin Moeller initiated coverage on the stock with a Buy rating and a price target of $20 on May 18, 2026. This analyst has an accuracy rate of 67%.
Considering buying ELMT stock? Here’s what analysts think:
