Triangle Capital Earnings: What Investors Should Watch
Triangle Capital (NASDAQ:TCAP) will report earnings before markets open on Thursday, May 9th. Triangle Capital Corporation is a finance company that provides financing solutions to lower middle market companies located throughout the United States, with an emphasis on the Southeast. The Company invests primarily in senior subordinated debt securities secured by second lien security interests in portfolio company assets, coupled with equity interests.
Here is your Cheat Sheet to Triangle Capital Earnings:
Earnings Expectations: Analysts expect earnings of $0.57 per share on revenues of $25.92 million. Currently, the company’s P/E ratio stands at 12.24.
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 $0.56 to a profit $0.57. For the current year, the average estimate is a profit of $2.31, which is better than the estimate ninety days ago.
Here’s how Triangle Capital has been performing on an annual basis:
|Revenue ($) in millions||17.13||20.86||28.20||52.46||73.96|
|Diluted EPS ($)||1.11||0.47||1.99||2.90||2.25|
Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:
|Quarter||Dec. 31, 2011||Mar. 31, 2012||Jun. 30, 2012||Sep. 30, 2012||Dec. 31, 2012|
|Revenue ($) in millions||-0.76||16.02||17.82||21.29||16.84|
|Diluted EPS ($)||0.5452||0.50||0.57||0.59||0.5704|
Triangle Capital has beat analyst estimates 3 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.
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