Investcorp Credit Management BDC Inc reports results for the quarter ended in December - Earnings Summary

Investcorp Credit Management Bdc

12/02/2024 23:32

* Investcorp Credit Management BDC Inc  ICMB.OQ  reported
quarterly adjusted earnings of 14 cents​​ per share for the
quarter ended in December, lower than the same quarter last
year, when the company reported EPS of 16 cents.  The mean
expectation of two analysts for the quarter was for earnings of
14 cents per share. Wall Street expected results to range from
13 cents to 14 cents per share.
    * Revenue fell 7.9% to $6.24 million from a year ago;
analysts
expected $6.42 million. 
    * Investcorp Credit Management BDC Inc's reported EPS for
the
quarter was a loss of 17 cents​.
    * The company reported a quarterly loss of $2.47 million.
    * Investcorp Credit Management BDC Inc shares had fallen
by 3.8%
this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 10%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the closed end
funds
peer group is also "hold"

This summary was machine generated from LSEG data February 12 at
11:32 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      0.14           0.14           Met
 Sep. 30 2023      0.15           0.11           Missed
 Jun. 30 2023      0.17           0.15           Missed
 Mar. 31 2023      0.16           0.18           Beat