Saratoga Investment: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
Saratoga Investment (NYSE:SAR) reported Q3 earnings with an EPS of $1.01, missing the estimate by 1.94%. Revenue increased by $10.08 million compared to the same period last year. Despite this growth, the earnings miss may concern investors, especially considering the company's stock price dropped 2.15% following an EPS miss last quarter.
January 09, 2024 | 9:15 pm
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NEGATIVE IMPACT
Saratoga Investment's Q3 earnings miss could lead to a negative short-term impact on its stock price, as historical data shows a previous drop after missing EPS estimates.
Given the company's history of stock price decline following an earnings miss, it is likely that the market will react similarly to this quarter's earnings miss. However, the increased revenue could mitigate some negative sentiment.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100