Eagle Point (ECC) Q3 Earnings and Revenues Surpass Estimates
Portfolio Pulse from
Eagle Point Credit Company (ECC) reported Q3 earnings of $0.29 per share, surpassing the Zacks Consensus Estimate of $0.28. However, this is a decrease from the $0.34 per share reported a year ago.
November 14, 2024 | 5:15 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Eagle Point Credit Company (ECC) reported Q3 earnings of $0.29 per share, surpassing the Zacks Consensus Estimate of $0.28. However, this is a decrease from the $0.34 per share reported a year ago.
ECC's earnings beat the consensus estimate, which is typically a positive indicator for stock performance. However, the earnings are lower compared to the previous year, which may temper investor enthusiasm. Overall, the beat on estimates is likely to have a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100