Silver Spike Investment Corp reports results for the quarter ended in December - Earnings Summary

Chicago Atlantic BDC

28/03/2024 13:31

* Silver Spike Investment Corp  SSIC.OQ  reported quarterly
adjusted earnings of 28 cents​​ per share for the quarter ended
in December, higher than the same quarter last year, when the
company reported EPS of 19 cents.  The mean expectation of
two analysts for the quarter was for earnings of 28 cents per
share. Wall Street expected results to range from 6 cents to 49
cents per share.
    * Revenue rose 78.9% to $3.66 million from a year ago;
analysts
expected $3.37 million. 
    * Silver Spike Investment Corp's reported EPS for the
quarter was
28 cents​.
    * The company reported quarterly net income of $2.5 million.
    * Silver Spike Investment Corp shares had risen by 16.8%
this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 358.3%
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 1 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the corporate
financial
services peer group is  "hold."

Wall Street's median 12-month price target for Silver Spike
Investment Corp is $11.40 
This summary was machine generated from LSEG data March 28 at
01:31 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
 Dec. 31 2023      0.28           0.28           Met
 Sep. 30 2023      0.19           0.26           Beat
 Jun. 30 2023      0.22           0.31           Beat
 Mar. 31 2023      0.17           0.22           Beat