Saratoga Investment Q3 EPS $1.01 Misses $1.03 Estimate, Sales $36.34M Beat $36.08M Estimate
Portfolio Pulse from Benzinga Newsdesk
Saratoga Investment Corp. (NYSE:SAR) reported Q3 earnings of $1.01 per share, missing the consensus estimate of $1.03 by 1.94%. However, the company saw a 31.17% increase in earnings compared to $0.77 per share from the same period last year. Quarterly sales were $36.34M, slightly surpassing the estimate of $36.08M by 0.72% and marking a 38.40% increase from $26.26M in the previous year.
January 09, 2024 | 9:08 pm
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NEUTRAL IMPACT
Saratoga Investment Corp. reported a slight miss in Q3 EPS at $1.01 vs. $1.03 expected but showed strong year-over-year growth in earnings and exceeded revenue estimates.
While the earnings per share (EPS) missed estimates by a small margin, the overall financial health of the company appears strong due to the significant year-over-year growth in both earnings and sales. The slight miss in EPS is unlikely to have a major negative impact on the stock price in the short term, especially given the positive sales report. However, as the miss was narrow and the sales figures were positive, the short-term impact on the stock price is expected to be neutral.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100