Barings BDC Q1 2024 GAAP EPS $0.28 Misses $0.30 Estimate, Sales $69.807M Miss $73.517M Estimate
Portfolio Pulse from Benzinga Newsdesk
Barings BDC (NYSE:BBDC) reported Q1 2024 GAAP EPS of $0.28, missing the $0.30 estimate, and sales of $69.807M, below the $73.517M estimate. This represents a 12% increase in earnings and a 3.87% increase in sales from the same period last year.
May 07, 2024 | 9:38 pm
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NEGATIVE IMPACT
Barings BDC reported Q1 2024 earnings of $0.28 per share, missing estimates by 6.67%, and sales of $69.807M, missing estimates by 5.05%. Despite the miss, earnings and sales grew from the previous year.
Missing both earnings and sales estimates is likely to negatively impact investor sentiment and BBDC's stock price in the short term. However, the year-over-year growth in both metrics may mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100