Recap: Prospect Capital Q1 Earnings
Portfolio Pulse from Benzinga Insights
Prospect Capital (NASDAQ:PSEC) reported its Q1 earnings results, beating estimated earnings by 47.62% with an EPS of $0.31 versus an estimate of $0.21. Revenue was up $33.57 million from the same period last year. Last quarter, the company also beat EPS estimates, which was followed by a 0.5% increase in the share price the next day.
November 08, 2023 | 9:45 pm
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Prospect Capital's Q1 earnings beat estimates, with an EPS of $0.31, a 47.62% increase. This follows a trend from last quarter, where a beat in EPS estimates led to a 0.5% increase in share price.
Prospect Capital's earnings beat estimates, which is a positive signal to investors. This could lead to increased investor confidence and a potential increase in share price. The company's past performance also indicates a trend of beating estimates, which could further boost investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100