Capital Southwest Corp reports results for the quarter ended in March - Earnings Summary

Capital Southwest

14/05/2024 22:54

* Capital Southwest Corp  CSWC.OQ  reported quarterly
adjusted
earnings of 66 cents​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of 65 cents.  The mean expectation of
eight analysts for the quarter was for earnings of 66 cents per
share. Wall Street expected results to range from 64 cents to 69
cents per share.
    * Revenue rose 40.9% to $46.43 million from a year ago;
analysts
expected $45.64 million. 
    * Capital Southwest Corp's reported EPS for the quarter was
28
cents​.
    * The company reported quarterly net income of $13.47
million.
    * Capital Southwest Corp shares had risen by 7.1% this
quarter and
gained 12.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.4%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the investment
management & fund operators peer group is also "buy"

Wall Street's median 12-month price target for Capital Southwest
Corp is $26.00 
This summary was machine generated from LSEG data May 14 at
09:54 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2024      0.66           0.66           Met
 Dec. 31 2023      0.66           0.70           Beat
 Sep. 30 2023      0.65           0.69           Beat
 Jun. 30 2023      0.64           0.65           Beat