Crescent Capital BDC Inc reports results for the quarter ended in December - Earnings Summary

Crescent Capital Bdc

23/02/2024 03:04

* Crescent Capital BDC Inc  CCAP.OQ  reported quarterly
adjusted
earnings of 61 cents​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of 49 cents.  The mean expectation of
five analysts for the quarter was for earnings of 57 cents per
share. Wall Street expected results to range from 54 cents to 58
cents per share.
    * Revenue rose 44.4% to $49.96 million from a year ago;
analysts
expected $47.73 million. 
    * Crescent Capital BDC Inc's reported EPS for the quarter
was 61
cents​.
    * The company reported quarterly net income of $22.8
million.
    * Crescent Capital BDC Inc shares had fallen by 5.1% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the closed end
funds
peer group is also "buy"

Wall Street's median 12-month price target for Crescent Capital
BDC Inc is $18.00 
This summary was machine generated from LSEG data February 23 at
03:03 a.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      0.57           0.61           Beat
 Sep. 30 2023      0.56           0.59           Beat
 Jun. 30 2023      0.55           0.56           Beat
 Mar. 31 2023      0.48           0.54           Beat