Monroe Cap Q1 2024 Adj EPS $0.25 Misses $0.26 Estimate, Sales $15.182M Miss $15.386M Estimate
Portfolio Pulse from Benzinga Newsdesk
Monroe Cap (NASDAQ:MRCC) reported Q1 2024 adjusted EPS of $0.25, missing the $0.26 estimate, and sales of $15.182M, below the $15.386M estimate. This represents a 21.88% decrease in earnings and a 9.65% decrease in sales from the same period last year.
May 08, 2024 | 8:10 pm
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NEGATIVE IMPACT
Monroe Cap reported a miss in both earnings and sales for Q1 2024, with adjusted EPS at $0.25 against a $0.26 estimate and sales of $15.182M versus the $15.386M estimate.
Missing both earnings and sales estimates can negatively impact investor sentiment and stock price in the short term. The reported year-over-year declines in earnings and sales further contribute to a negative outlook, likely leading to a decrease in stock price.
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