Earnings Outlook For Crescent Capital BDC
Portfolio Pulse from Benzinga Insights
Crescent Capital BDC (NASDAQ:CCAP) is scheduled to release its quarterly earnings report on 2024-02-21, with analysts expecting an EPS of $0.57. The company's historical performance shows a pattern of beating EPS estimates, which has occasionally led to positive stock price movements the following day. Shares of CCAP have increased by 11.03% over the last 52 weeks, indicating a generally positive outlook from long-term shareholders ahead of the earnings announcement.
February 20, 2024 | 6:01 pm
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Crescent Capital BDC is expected to report an EPS of $0.57 for the upcoming quarter, with a history of beating estimates and positively influencing its stock price.
Given CCAP's history of beating EPS estimates and the positive stock price reaction that typically follows, there is a strong likelihood of a positive short-term impact on CCAP's stock price if the trend continues. The anticipation of positive guidance for the next quarter further supports this outlook. However, the actual impact will depend on the earnings results and the guidance provided.
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IMPORTANCE 90
RELEVANCE 100