Great Elm Capital Corp. (NASDAQ:GECC) is reporting third quarter earnings results on Monday 9th November 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 0.12 per share.
For the full year, analysts predict revenues of $ 21.55 million, while looking forward to income of $ 0.57 per share.
Previous Quarter Performance
Great Elm Capital Corp. reported income for the second quarter of $ 0.09 per share, from the revenue of $ 4.77 million. Street analysts expected Great Elm Capital Corp. to report income of $ 0.22 per share on revenue of $ 6.19 million for the second quarter. The bottom line results missed street analysts by $ 0.13 or 59.09 percent, at the same time, top line results fell short of analysts by $ 1.42 million or 22.94 percent.
Stock Performance
On Friday, shares of Great Elm Capital Corp. has traded high as $ 2.63 and has cracked $ 2.55 on the downward trend, reaching $ 2.60 with volume of 157.60 thousand shares.
According to the previous trading day, closing price of $ 2.60, representing a 14.22 % increase from the 52 week low of $ 2.25 and a 69.69 % decrease over the 52 week high of $ 8.48.
The company has a market capital of $ 56.43 million and is part of the Financial Services sector and Asset Management industry.
Conference Call
Great Elm Capital Corp. will be hosting a conference call at 11:00 AM eastern time on 9th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.greatelmcc.com
Great Elm Capital Corporation is a business development company which specializes in loan and mezzanine, middle market investments. The fund prefers to invest in media, commercial services and supplies, healthcare, telecommunication services, communications equipment. It typically makes equity investments between $3 million and $10 million in companies with revenues between $3 million and $75 million.
