Great Elm Capital (GECC) reported quarterly earnings of $0.43 per share for the quarter ending December 2023, slightly missing the Zacks Consensus Estimate of $0.44. This marks an increase from $0.30 per share the previous year, resulting in an earnings surprise of -2.27%.
The company recorded revenues of $9.16 million for the same quarter, exceeding the estimated $8.97 million and up from $7.33 million year-over-year. Over the last four quarters, GECC has surpassed consensus revenue estimates four times and consensus EPS estimates two times.
Year-to-date, Great Elm Capital shares have increased by 0.1%, underperforming the S&P 500’s 6.3% growth. The current consensus EPS estimate for the upcoming quarter stands at $0.44, projected on revenues of $8.99 million, while for the fiscal year, the estimates are $1.80 EPS on revenues of $36.32 million.
