Fidus Investment Q2 2024 Adj. EPS $0.57, Inline, Sales $35.664M Beat $34.879M Estimate
Portfolio Pulse from Benzinga Newsdesk
Fidus Investment (NASDAQ:FDUS) reported Q2 2024 earnings per share of $0.57, meeting analyst expectations, and sales of $35.664 million, beating estimates by 2.25%. EPS decreased by 8.06% year-over-year, while sales increased by 16.71%.
August 01, 2024 | 8:37 pm
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Fidus Investment reported Q2 2024 EPS of $0.57, in line with expectations, and sales of $35.664 million, beating estimates by 2.25%. Despite a year-over-year EPS decrease of 8.06%, sales increased by 16.71%.
The earnings per share met expectations, which is neutral for the stock price. However, the sales beat by 2.25% and the significant year-over-year sales growth of 16.71% are positive indicators. The decrease in EPS by 8.06% year-over-year could be a concern, balancing the overall impact to neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100