Oaktree Specialty Lending: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Oaktree Specialty Lending (NASDAQ:OCSL) reported Q4 earnings with an EPS of $0.62, slightly missing the estimate of $0.63 by 1.59%. Revenue increased by $31.76 million compared to the same period last year. Despite missing EPS estimates last quarter, the share price increased by 0.6% the following day. The company's past earnings performance shows a consistent pattern of meeting or closely approaching EPS estimates while growing revenue over the last four quarters.
November 14, 2023 | 11:10 am
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Oaktree Specialty Lending reported a slight miss in Q4 earnings with an EPS of $0.62 against an estimate of $0.63, but showed a significant increase in revenue compared to last year.
While OCSL missed the EPS estimate by a small margin, the increase in revenue suggests continued business growth. Historically, a similar EPS miss last quarter resulted in a slight increase in share price, indicating that investors may not heavily weigh small earnings misses if revenue trends are positive. Therefore, the short-term impact on the stock price is likely to be neutral.
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