Eagle Point Credit Co Q1 2024 Adj EPS $0.31 Misses $0.34 Estimate, Sales $40.810M Miss $41.452M Estimate
Portfolio Pulse from Benzinga Newsdesk
Eagle Point Credit Co (NYSE:ECC) reported Q1 2024 earnings of $0.31 per share, missing the analyst estimate of $0.34. Sales were $40.810 million, also below the $41.452 million estimate. Despite the misses, sales increased by 27.86% year-over-year.
May 21, 2024 | 12:14 pm
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Eagle Point Credit Co reported Q1 2024 earnings of $0.31 per share, missing the analyst estimate of $0.34. Sales were $40.810 million, also below the $41.452 million estimate. Despite the misses, sales increased by 27.86% year-over-year.
The earnings and sales misses are likely to negatively impact ECC's stock price in the short term. However, the significant year-over-year sales growth may mitigate some of the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100