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

Investcorp Credit Management Bdc

15/05/2024 24:49

* Investcorp Credit Management BDC Inc  ICMB.OQ  reported
quarterly adjusted earnings of 14 cents​​ per share for the
quarter ended in March, lower than the same quarter last year,
when the company reported EPS of 18 cents.  The mean expectation
of two analysts for the quarter was for earnings of 13 cents per
share. Wall Street expected results to range from 12 cents to 13
cents per share.
    * Revenue fell 5.5% to $6.62 million from a year ago;
analysts
expected $6.18 million. 
    * Investcorp Credit Management BDC Inc's reported EPS for
the
quarter was 17 cents​.
    * The company reported quarterly net income of $2.41
million.
    * Investcorp Credit Management BDC Inc shares had risen
by 4.5%
this quarter and lost 7.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.8%
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 "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 May 14 at
11:48 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      0.13           0.14           Beat
 Dec. 31 2023      0.14           0.14           Met
 Sep. 30 2023      0.15           0.11           Missed
 Jun. 30 2023      0.17           0.15           Missed