MCG Capital Earnings: Here’s Why Shares are Up Now
MCG Capital Corporation (NASDAQ:MCGC) delivered a profit and met Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 0.94%.
MCG Capital Corporation Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 57.14% to $0.11 in the quarter versus EPS of $0.07 in the year-earlier quarter.
Revenue: Decreased 28.09% to $12.9 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: MCG Capital Corporation reported adjusted EPS income of $0.11 per share. By that measure, the company met the mean analyst estimate of $0.11. It beat the average revenue estimate of $12.66 million.
Key Stats (on next page)…
Revenue decreased 2.64% from $13.25 million in the previous quarter. EPS were the same at $0.11 as the previous quarter.
Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.12 and has not changed. For the current year, the average estimate is a profit of $0.47, which is the same with that ninety days ago.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)