Barings BDC: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
Barings BDC (NYSE:BBDC) reported its Q3 earnings, missing estimated earnings by 3.12% with an EPS of $0.31 versus an estimate of $0.32. However, revenue was up $14.54 million from the same period last year. Last quarter, the company beat the EPS estimate which was followed by a 4.8% increase in the share price the next day.
November 09, 2023 | 9:20 pm
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NEUTRAL IMPACT
Barings BDC's Q3 earnings missed estimates, but revenue increased YoY. Last quarter's EPS beat led to a share price increase.
While Barings BDC missed its Q3 earnings estimate, it reported a YoY revenue increase. Given the past trend where a beat on EPS led to a share price increase, the market reaction to this earnings report could be mixed, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100