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

Logan Ridge Finance

09/08/2024 09:03

* Logan Ridge Finance Corp  LRFC.OQ  reported a quarterly
adjusted
loss of 25 cents​​ per share for the quarter ended in June,
lower than the same quarter last year, when the company reported
EPS of $1.07.  The lone analyst forecast for the quarter was
for earnings of 35 cents per share. 
    * Revenue rose 0.5% to $5.37 million from a year ago;
analysts
expected $5.60 million. 
    * Logan Ridge Finance Corp's reported EPS for the quarter
was a
loss of 25 cents​.
    * The company reported a quarterly loss of $658 thousand.
    * Logan Ridge Finance Corp shares had fallen by 2.7% this
quarter and lost 3.6% so far this year.

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
"strong buy"
and the breakdown of recommendations is 1 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the investment
management & fund operators peer group is also "strong buy"

Wall Street's median 12-month price target for Logan Ridge
Finance Corp is $25.00 
This summary was machine generated from LSEG data August 9 at
08:02 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
 Jun. 30 2024      0.35           -0.25          Missed
 Mar. 31 2024      0.36           0.65           Beat
 Dec. 31 2023      0.50           -1.02          Missed
 Sep. 30 2023      0.32           0.43           Beat