Monroe Cap: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Monroe Cap (NASDAQ:MRCC) reported Q4 earnings with an EPS of $0.26, missing estimates by -4.0% against an expected $0.27. Revenue increased by $339 thousand year-over-year. Despite missing EPS estimates last quarter, MRCC's share price increased by 1.0% the following day. The company has had mixed earnings performance over the past year, with two quarters missing and one exceeding EPS estimates.
March 11, 2024 | 8:30 pm
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Monroe Cap reported Q4 earnings with a slight miss on EPS estimates but showed an increase in revenue year-over-year.
The slight miss in EPS estimates for MRCC may not significantly impact the stock price in the short term, considering the company's history of resilience in share price following earnings reports. The increase in revenue year-over-year is a positive sign, potentially offsetting the negative impact of the earnings miss.
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