Earnings Outlook For Prospect Capital
Portfolio Pulse from Benzinga Insights
Prospect Capital (NASDAQ:PSEC) is scheduled to release its quarterly earnings report on February 8, 2024, with analysts expecting an EPS of $0.22. The company's past performance shows a history of beating EPS estimates, which has sometimes led to significant share price movements the following day. Shares are currently trading at $5.8, down 22.86% over the last 52 weeks. Investors are looking for positive guidance for the next quarter.
February 07, 2024 | 5:01 pm
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Prospect Capital is expected to report an EPS of $0.22 for the upcoming quarter. Historical data shows its ability to beat EPS estimates, potentially influencing its stock price positively if the trend continues.
Given Prospect Capital's history of beating EPS estimates and the subsequent positive impact on its stock price, a similar outcome could be expected if it beats the $0.22 estimate. However, the stock's recent performance (-22.86% YTD) and the importance of forward guidance also play crucial roles in short-term price movements.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100