Oaktree Specialty Lending Q1 Adj EPS $0.57 Misses $0.61 Estimate, Sales $97.98M Miss $100.47M Estimate
Portfolio Pulse from Benzinga Newsdesk
Oaktree Specialty Lending (OCSL) reported Q1 adjusted EPS of $0.57, missing the consensus estimate of $0.61, and sales of $97.98M, below the $100.47M estimate. This represents a 6.56% decrease in EPS and a 23.75% increase in sales year-over-year.
February 01, 2024 | 11:02 am
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Oaktree Specialty Lending reported lower-than-expected Q1 earnings and sales, with a 6.56% EPS decrease and a 23.75% sales increase YoY.
Missing both EPS and sales estimates can negatively impact investor sentiment and stock price in the short term. The decrease in EPS compared to last year further compounds concerns, despite the significant increase in sales.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100