Recap: Investcorp Credit Q1 Earnings
Portfolio Pulse from Benzinga Insights
Investcorp Credit (NASDAQ:ICMB) reported Q1 earnings with an EPS of $0.11, missing the estimate of $0.14 by 21.43%. Revenue also decreased by $401 thousand compared to the same period last year. Historically, a miss on EPS last quarter resulted in a 6.02% share price drop the following day.
November 13, 2023 | 9:30 pm
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NEGATIVE IMPACT
Investcorp Credit reported lower than expected Q1 earnings and a decrease in revenue, which historically has led to a drop in share price.
Given the earnings miss and historical data showing a 6.02% drop in share price after last quarter's earnings miss, it is likely that ICMB's stock price will experience a short-term decline.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100