Logan Ridge Finance Corp reports results for the quarter ended in June - Earnings Summary

Logan Ridge Finance

09/08/2023 22:54

* Logan Ridge Finance Corp  LRFC.OQ  reported quarterly
adjusted
earnings of $1.07​​ per share for the quarter ended in June. The
lone analyst forecast for the quarter was for earnings of 23
cents per share.
    * Revenue rose 61.8% to $5.34 million from a year ago;
analysts
expected $5.80 million. 
    * Logan Ridge Finance Corp's reported EPS for the quarter
was
$1.07​.
    * The mean earnings estimate of analysts had risen by
about 27.8%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Logan Ridge Finance Corp shares had risen by 1.6% this
quarter and lost 5.9% so far this year.
    * The company reported quarterly net income of $3.24
million.
    * Wall Street's median 12-month price target for Logan Ridge
Finance Corp is $27.00 
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 1 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 9 at 09:54 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.23           1.07           Beat
 Mar. 31 2023      0.19           -0.24          Missed
 Dec. 31 2022      0.06           -1.17          Missed
 Sep. 30 2022      -0.19          0.07           Beat