Preview: Great Elm Capital's Earnings
Portfolio Pulse from Benzinga Insights
Great Elm Capital (NASDAQ:GECC) is scheduled to release its quarterly earnings report on Thursday, 2024-02-29, with an estimated EPS of $0.45. Analysts and investors are keen on whether the company will surpass this estimate and provide positive guidance for the next quarter. Despite missing the EPS estimate last quarter by $0.04, the share price increased by 4.69% the following day. Historically, GECC's share price has reacted variably to past earnings performances. Currently, shares are trading at $10.49, marking a 10.4% increase over the last 52 weeks.
February 28, 2024 | 8:01 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Great Elm Capital is anticipated to announce its quarterly earnings with an expected EPS of $0.45. The focus will be on whether it surpasses this estimate and the future guidance provided. Despite a miss in the last quarter, the stock increased by 4.69% the following day. Shares have risen 10.4% over the past year.
Given GECC's history of stock price increases following earnings reports, even after missing EPS estimates, there's a positive sentiment. The anticipation of beating the EPS estimate and providing favorable future guidance could further boost investor confidence and the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100