Great Elm Group Q1 EPS $0.08 Misses $0.43 Estimate, Sales $3.31M Down From $18.58M YoY
Portfolio Pulse from totan@benzinga.com
Great Elm Group (NASDAQ:GEG) reported Q1 earnings of $0.08 per share, missing the analyst consensus estimate of $0.43 by 81.4%. This is a 127.59% increase over losses from the same period last year. The company's sales this quarter were $3.31 million, a 82.18% decrease from $18.58 million the same period last year.
November 08, 2023 | 9:52 pm
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NEGATIVE IMPACT
Great Elm Group's Q1 earnings missed estimates by a significant margin and sales also decreased substantially YoY. This could negatively impact the stock price in the short term.
Great Elm Group's earnings missed the analyst consensus estimate by a large margin, which is typically seen as a negative signal by the market. Additionally, the company's sales decreased significantly compared to the same period last year, which could further negatively impact investor sentiment and the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100