Looking Into Manhattan Bridge Capital's Return On Capital Employed
Portfolio Pulse from Benzinga Insights
Manhattan Bridge Capital (NASDAQ:LOAN) reported a 12.86% increase in earnings to $1.42 million and a 0.04% increase in sales to $2.40 million in Q2. The company posted a Return On Capital Employed (ROCE) of 0.03%, indicating effective capital allocation. The Q2 earnings per share were $0.12, beating analyst predictions of $0.11.
July 21, 2023 | 2:46 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Manhattan Bridge Capital reported increased earnings and sales in Q2, with a positive ROCE, indicating effective capital allocation. This could potentially lead to higher returns and EPS growth.
The increase in earnings and sales, along with a positive ROCE, indicates that Manhattan Bridge Capital is operating efficiently and effectively allocating capital. This could potentially lead to higher returns and EPS growth, positively impacting the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100