Logan Ridge Finance Corp reports results for the quarter ended September 30 - Earnings Summary

Logan Ridge Finance

08/11/2024 21:08

* Logan Ridge Finance Corp  LRFC.OQ  reported a quarterly
adjusted
loss of 50 cents​​ per share for the quarter ended September 30,
lower than the same quarter last year, when the company reported
EPS of 43 cents.  The lone analyst forecast for the quarter was
for earnings of 36 cents per share. 
    * Revenue fell 0.3% to $5.15 million from a year ago;
analysts
expected $5.10 million. 
    * Logan Ridge Finance Corp's reported EPS for the quarter
was a
loss of 50 cents​.
    * The company reported a quarterly loss of $1.35 million.
    * Logan Ridge Finance Corp shares had risen by 0.6% this
quarter and gained 10.5% 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 24.00 
This summary was machine generated from LSEG data November 8 at
09:07 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
 Sep. 30 2024      0.36           -0.50          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