Eagle Point Credit Co Q2 2024 GAAP EPS $0.28 Misses $0.31 Estimate, Sales $42.276M Miss $44.842M Estimate
Portfolio Pulse from Benzinga Newsdesk
Eagle Point Credit Co (NYSE:ECC) reported Q2 2024 earnings per share of $0.28, missing the analyst estimate of $0.31 by 9.68%. The company also reported sales of $42.276 million, missing the estimate of $44.842 million by 5.72%. Despite the misses, sales increased by 33.22% compared to the same period last year.
August 06, 2024 | 12:46 pm
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Eagle Point Credit Co reported Q2 2024 EPS of $0.28, missing estimates by 9.68%, and sales of $42.276M, missing estimates by 5.72%. Despite the misses, sales increased by 33.22% YoY.
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