Prospect Capital Corporation (NASDAQ:PSEC) delivered a profit and beat 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 1.46%.
Prospect Capital Corporation Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 25.49% to $0.38 in the quarter versus EPS of $0.51 in the year-earlier quarter.
Revenue: Rose 122.67% to $166.47 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Prospect Capital Corporation reported adjusted EPS income of $0.38 per share. By that measure, the company beat the mean analyst estimate of $0.30. It beat the average revenue estimate of $141.38 million.
Key Stats (on next page)…
Revenue increased 58.48% from $105.04 million in the previous quarter. EPS increased 40.74% from $0.27 in the previous quarter.
Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.31 to a profit $0.32. For the current year, the average estimate is a profit of $1.49, 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)