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Stock impact report

Strength Seen in Great Elm Capital (GECC): Can Its 5.6% Jump Turn into More Strength? [Yahoo! Finance]

Great Elm Capital Corp. (GECC) 
Last great elm capital corp. earnings: 11/14 06:00 am Check Earnings Report
US:NASDAQ Investor Relations: greatelmcc.com/investor-relations
Company Research Source: Yahoo! Finance
This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 32.1% loss over the past four weeks. As the Federal Reserve cut interest rates last month and hinted at more rate cuts this year, loan demand has increased for BDCs given the decline in borrowing costs. This positive development probably drove the Great Elm Capital stock higher in last day's trading session. This company is expected to post quarterly earnings of $0.24 per share in its upcoming report, which represents a year-over-year change of -38.5%. Revenues are expected to be $10.08 million, down 14.1% from the year-ago quarter. While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. For Great Elm Capital, the consensus EPS estimate for the quarter Show less Read more
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