Recap: SuRo Capital Q4 Earnings
Portfolio Pulse from Benzinga Insights
SuRo Capital (NASDAQ:SSSS) reported Q4 earnings, beating estimated earnings by 21.0% with an EPS of $-0.11 versus an estimate of $-0.14. Revenue increased by $997 thousand from the same period last year. Despite beating EPS estimates last quarter, the share price dropped by 1.0% the following day.
March 13, 2024 | 8:35 pm
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SuRo Capital reported a 21.0% earnings beat for Q4 with an EPS of $-0.11, surpassing the estimated $-0.14. Revenue increased by $997 thousand YOY. Despite a previous earnings beat, the share price fell by 1.0% the following day.
While SuRo Capital's earnings beat is positive, the historical context of a share price drop following the last earnings beat suggests a cautious outlook. The increase in revenue is a strong point, but investor reaction to past performance indicates uncertainty in immediate share price movement.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100