Prospect Capital Q4 2024 GAAP EPS $0.25 Beats $0.18 Estimate, Sales $212.260M Beat $205.620M Estimate
Portfolio Pulse from Benzinga Newsdesk
Prospect Capital (NASDAQ:PSEC) reported Q4 2024 earnings of $0.25 per share, surpassing the $0.18 estimate, and sales of $212.260M, exceeding the $205.620M estimate. Despite beating estimates, sales decreased by 4.17% compared to the previous year.
August 28, 2024 | 8:15 pm
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Prospect Capital's Q4 2024 earnings per share of $0.25 exceeded expectations by 38.89%, and sales of $212.260M also beat estimates. However, sales declined by 4.17% year-over-year.
The significant beat on EPS and sales estimates is likely to positively impact PSEC's stock price in the short term. However, the year-over-year decline in sales may temper some of the enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100