Stellus Cap Investment Q1 2024 Adj EPS $0.44 Misses $0.45 Estimate, Sales $25.996M Miss $26.643M Estimate
Portfolio Pulse from Benzinga Newsdesk
Stellus Cap Investment (NYSE:SCM) reported Q1 2024 earnings of $0.44 per share, missing the consensus estimate of $0.45. Sales were $25.996M, also below the estimate of $26.643M. Despite these misses, sales increased 7.98% compared to the same period last year.
May 09, 2024 | 10:43 pm
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NEGATIVE IMPACT
Stellus Cap Investment reported lower-than-expected Q1 2024 earnings and sales, missing estimates slightly but showing a sales increase year-over-year.
Missing earnings and sales estimates can negatively impact investor sentiment and stock price in the short term. However, the year-over-year sales growth indicates some positive business momentum, which might mitigate the negative impact slightly.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100