OFS Capital Q2 Adj EPS $0.38 Beats $0.35 Estimate, Sales $14.53M Beat $14.20M Estimate
Portfolio Pulse from vinayak@benzinga.com
OFS Capital (NASDAQ:OFS) reported Q2 earnings of $0.38 per share, beating the analyst consensus estimate of $0.35 by 8.57%. This is a 58.33% increase from the same period last year. The company also reported quarterly sales of $14.53 million, beating the analyst consensus estimate of $14.20 million by 2.30%. This is a 39.24% increase from the same period last year.
August 04, 2023 | 2:36 pm
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POSITIVE IMPACT
OFS Capital's Q2 earnings and sales beat estimates, with a significant YoY increase in both. This could potentially lead to a positive market reaction.
OFS Capital's Q2 earnings and sales have exceeded estimates, which is generally seen as a positive signal by the market. The significant YoY growth in both earnings and sales further strengthens this positive outlook. Therefore, it is expected that the stock price may increase in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100