Investcorp Credit Earnings Preview
Portfolio Pulse from Benzinga Insights
Investcorp Credit (NASDAQ:ICMB) is scheduled to release its quarterly earnings report on Monday, 2023-11-13, with analysts expecting an EPS of $0.14. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, ICMB's stock price has been sensitive to earnings performance and guidance. Last quarter, the company missed EPS estimates by $0.02, resulting in a 6.02% share price drop the following day. Over the last year, ICMB shares have declined by 8.47%, trading at $3.37 as of November 09.
November 10, 2023 | 5:02 pm
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NEUTRAL IMPACT
Investcorp Credit is expected to report an EPS of $0.14 for the latest quarter. Historical data shows that earnings misses have negatively impacted the stock price, with a 6.02% drop after last quarter's miss. Shares are down 8.47% over the past year, indicating potential investor concern.
The score is neutral (0) because while historical performance suggests a negative impact from an earnings miss, the anticipation of the report could already be priced in. The relevance is high (100) as the news is directly about ICMB's earnings. The importance is marked at 90 due to the historical price sensitivity to earnings reports. Confidence is at 80, acknowledging the unpredictable nature of market reactions to earnings reports.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100