OFS Capital Q3 Adj EPS $0.40 Beats $0.38 Estimate, Sales $14.65M Miss $14.68M Estimate
Portfolio Pulse from mahesh@benzinga.com
OFS Capital (NASDAQ:OFS) reported Q3 earnings of $0.40 per share, beating the analyst consensus estimate of $0.38 by 5.26%. This is a 21.21% increase from the same period last year. However, the company's quarterly sales of $14.65 million missed the analyst consensus estimate of $14.68 million by 0.20%, though it's a 9.60% increase from last year.
November 02, 2023 | 9:22 pm
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OFS Capital's Q3 earnings beat estimates but sales slightly missed expectations. Earnings per share increased by 21.21% YoY, while sales increased by 9.60% YoY.
OFS Capital's earnings beat estimates, which is positive for the stock. However, the slight miss on sales could offset this positive impact. The YoY growth in both earnings and sales is a positive sign, but the market reaction could be mixed due to the sales miss.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100