Gladstone Cap Q1 EPS $0.27 Misses $0.28 Estimate, Sales $23.22M Miss $23.39M Estimate
Portfolio Pulse from mahesh@benzinga.com
Gladstone Cap (NASDAQ:GLAD) reported Q1 earnings of $0.27 per share, missing the consensus estimate of $0.28. Sales were $23.22M, also missing estimates of $23.39M. Despite the misses, earnings and sales increased by 8% and 20.35% respectively, compared to the same period last year.
February 05, 2024 | 9:22 pm
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Gladstone Cap reported Q1 earnings and sales that missed estimates but showed significant year-over-year growth.
Although GLAD missed the consensus estimates for both earnings per share and sales, the year-over-year growth in both metrics suggests underlying strength. The misses were relatively narrow, indicating that the company's performance is still on a positive trajectory. This mixed result could lead to neutral short-term price movement as investors weigh the misses against the growth.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90