TICC Capital Earnings: Here’s Why the Stock is Down Now

TICC Capital Corp. (NASDAQ:TICC) delivered a profit and missed Wall Street’s expectations, AND 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 0.9%.

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TICC Capital Corp. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 11.11% to $0.24 in the quarter versus EPS of $0.27 in the year-earlier quarter.

Revenue: Decreased 8.36% to $21.7 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: TICC Capital Corp. reported adjusted EPS income of $0.24 per share. By that measure, the company missed the mean analyst estimate of $0.27. It missed the average revenue estimate of $22.04 million.

Quoting Management: There was no comment from management.

Key Stats (on next page)…

Revenue increased 6.53% from $20.37 million in the previous quarter. EPS decreased 4% from $0.25 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.31 to a profit $0.28. For the current year, the average estimate has moved down from a profit of $1.22 to a profit of $1.15 over the last ninety days.

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