Monroe Cap: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
Monroe Cap (NASDAQ:MRCC) reported its Q3 earnings, missing estimated earnings by 7.41% with an EPS of $0.25 versus an estimate of $0.27. Revenue was down $273 thousand from the same period last year. Last quarter, the company also missed on EPS which was followed by a 4.34% drop in the share price the next day.
November 08, 2023 | 9:35 pm
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NEGATIVE IMPACT
Monroe Cap's Q3 earnings missed estimates, which could potentially lead to a drop in share price, similar to the 4.34% drop observed after the last earnings miss.
Monroe Cap's earnings miss is a negative signal to investors, which could lead to a sell-off. This is supported by the historical data, which shows a 4.34% drop in share price following the last earnings miss.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100