TICC Capital Earnings: Here’s Why Investors are Selling Shares Now

TICC Capital Corp. (NASDAQ:TICC) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 1.8%.

TICC Capital Corp. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 18.92% to $0.30 in the quarter versus EPS of $0.37 in the year-earlier quarter.

Revenue: Rose 24.14% to $25.4 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: TICC Capital Corp. reported adjusted EPS income of $0.30 per share. By that measure, the company beat the mean analyst estimate of $0.27. It missed the average revenue estimate of $25.49 million.

Key Stats (on next page)…

Revenue increased 16.89% from $21.73 million in the previous quarter. EPS increased 25% from $0.24 in 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 $0.29 and has not changed. For the current year, the average estimate has moved down from a profit of $1.15 to a profit of $1.09 over the last ninety days.

Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.

(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)