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Great Elm Group (GEG)
NASDAQ:GEG
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Earnings Data
Report Date
Feb 18, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
―Last Year’s EPS
-$0.01Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 11, 2024
|% Change Since: 7.34%
|Next Earnings Date:Feb 18, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted significant growth in assets under management and revenue, alongside successful real estate and credit fund performances. Although there were declines in adjusted EBITDA and some remaining unrealized losses, the overall financial position and strategic initiatives of the company indicate a solid positive trajectory.Company Guidance
During the Great Elm Group's fiscal first-quarter 2025 earnings call, significant metrics highlighted the company's robust growth and strategic initiatives. The company reported a 21% year-over-year increase in revenue to $4 million, driven by enhanced management fees and proceeds from property sales. Assets under management (AUM) saw a substantial rise, with fee-paying AUM growing by 21% to approximately $545 million, and pro forma AUM reaching $741 million, up 16% from the previous year. This growth was primarily fueled by successful capital raising efforts and performance in their build-to-suit real estate and credit fund ventures. The company also achieved a net income of $3 million, bolstered by a reversal of $3.5 million in previously recorded unrealized losses. With over $50 million in cash and marketable securities, Great Elm Group is well-positioned to pursue strategic growth opportunities and maintain its strong financial standing.Significant Growth in Assets Under Management
Fee-paying assets under management increased by over 20% year-over-year, reaching approximately $545 million.
Revenue Increase
Total revenue grew 21% year-over-year, amounting to $4 million for the quarter.
Successful Real Estate Projects
Completed construction and successful exit of the first property by Monomoy BTS; second property nearing completion.
Strong Performance of Credit Fund
The Great Elm Credit Income Fund delivered a solid return of over 11% net of fees and expenses in its first 11 months.
Expanded Buyback Authorization
Buyback authorization expanded to up to $20 million, with approximately 2.5 million shares repurchased at a discount.
Net Income Growth
Net income from continuing operations increased to $3 million, up from $2.8 million in the prior year period.
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GEG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GEG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 11, 2024 | $1.77 | $1.81 | +2.26% |
| Aug 29, 2024 | $1.79 | $1.79 | 0.00% |
| May 08, 2024 | $1.81 | $1.86 | +2.76% |
| Feb 13, 2024 | $1.85 | $1.94 | +4.86% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Great Elm Group (GEG) report earnings?
Great Elm Group (GEG) is schdueled to report earning on Feb 18, 2025, TBA Not Confirmed.
What is Great Elm Group (GEG) earnings time?
Great Elm Group (GEG) earnings time is at Feb 18, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GEG EPS forecast?
Currently, no data Available
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