SuRo Capital Q1 2024 GAAP EPS $(0.13) Misses $(0.12) Estimate, Sales $1.528M Up From $1.299M YoY
Portfolio Pulse from Benzinga Newsdesk
SuRo Capital (NASDAQ:SSSS) reported Q1 2024 earnings with a GAAP EPS of $(0.13), missing the $(0.12) estimate, and sales of $1.528M, up 17.63% YoY from $1.299M.
May 08, 2024 | 9:51 pm
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NEUTRAL IMPACT
SuRo Capital reported a Q1 2024 GAAP EPS of $(0.13), missing estimates, but showed a sales increase of 17.63% YoY.
The miss in EPS estimates by 8.33% could negatively impact investor sentiment in the short term, suggesting potential downward pressure on the stock price. However, the 17.63% increase in sales YoY indicates underlying business growth, which could mitigate some of the negative sentiment. The mixed financial results present a neutral outlook, as the positive sales growth may balance out the negative impact of the earnings miss.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90