Recap: Great Elm Group Q1 Earnings
Portfolio Pulse from Benzinga Insights
Great Elm Group (NASDAQ:GEG) reported Q1 earnings, missing estimated earnings by 81.4% with an EPS of $0.08 versus an estimate of $0.43. Revenue was down $15.27 million from the same period last year. Last quarter, the company also missed on EPS which was followed by a 2.75% drop in the share price.
November 08, 2023 | 9:55 pm
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NEGATIVE IMPACT
Great Elm Group's significant earnings miss and decrease in revenue could negatively impact its stock price, as seen in the previous quarter.
Great Elm Group's earnings miss by a significant margin of 81.4% and the decrease in revenue from the same period last year are negative indicators for the company's financial performance. This could lead to a decrease in investor confidence and a potential drop in the stock price, as was observed in the previous quarter when the company missed its EPS estimate.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100