Owl Rock Capital Q2 2024 GAAP EPS $0.31 Misses $0.47 Estimate, Sales $396.700M Beat $392.312M Estimate
Portfolio Pulse from Benzinga Newsdesk
Owl Rock Capital (NYSE:OBDC) reported Q2 2024 earnings per share (EPS) of $0.31, missing the analyst consensus estimate of $0.47 by 34.04%. However, the company reported sales of $396.7 million, beating the analyst consensus estimate of $392.312 million by 1.12%. This represents a 0.63% increase over sales of $394.223 million in the same period last year.
August 07, 2024 | 8:41 pm
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Owl Rock Capital's Q2 2024 earnings per share (EPS) missed analyst estimates significantly, coming in at $0.31 versus the expected $0.47. However, the company reported sales of $396.7 million, slightly beating the estimate of $392.312 million.
The significant miss on EPS is likely to have a negative short-term impact on the stock price, despite the slight beat on sales. Investors often react more strongly to earnings misses than to revenue beats.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100