Prospect Capital Corp Earnings Cheat Sheet: Increase in Profit Year Over Year

Prospect Capital Corporation (NASDAQ:PSEC) reported its results for the fourth quarter. Prospect Capital is engaged as a financial services company that primarily lends to and invests in middle market privately-held companies. It is a closed-end investment company.

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Prospect Capital Earnings Cheat Sheet for the Fourth Quarter

Results: Net investment income for Prospect Capital Corporation rose to $30.2 million (31 cents per share) vs. $16.6 million (25 cents per share) in the same quarter a year earlier. This marks a rise of 86.6% from the year earlier quarter.

Actual vs. Wall St. Expectations: PSEC fell short of the mean analyst estimate of 37 cents per share.

Key Stats:

The company fell short of forecasts after beating estimates in the previous two quarters. In the third quarter, it topped the mark by one cent, and in the second quarter, it was ahead by 10 cents.

Competitors to Watch: Main Street Capital Corp. (NYSE:MAIN), MCG Capital Corporation (NASDAQ:MCGC), American Capital Ltd. (NASDAQ:ACAS), Saratoga Investment Corp. (NYSE:SAR), Kohlberg Capital Corp. (NASDAQ:KCAP), Gladstone Capital Corp. (NASDAQ:GLAD), Gladstone Investment Corp. (NASDAQ:GAIN), MVC Capital, Inc. (NYSE:MVC), Ares Capital Corporation (NASDAQ:ARCC), and Equus Total Return, Inc. (NYSE:EQS).

Investing Insights: Steve Jobs Prepares to Deliver a New Catalyst for Apple’s Stock.

(Source: Xignite Financials)