Bain Capital Specialty (BCSF) came out with quarterly earnings of $0.34 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.34 per share a year ago. These figures are adjusted for non-recurring items.
– ZacksA quarter ago, it was expected that this company would post earnings of $0.34 per share when it actually produced earnings of $0.34, delivering no surprise.
Over the last four quarters, the company has not been able to surpass consensus EPS estimates.
Bain Capital Specialty
The sustainability of the stock’s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management’s commentary on the earnings call.
Bain Capital Specialty shares have added about 4.5% since the beginning of the year versus the S&P 500’s decline of -9.7%.
What’s Next for Bain Capital Specialty?
While Bain Capital Specialty has outperformed the market so far this year, the question that comes to investors’ minds is: what’s next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company’s earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Bain Capital Specialty: mixed. While the magnitude and direction of estimate revisions could change following the company’s just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.34 on $47.2 million in revenues for the coming quarter and $1.38 on $188.31 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial – SBIC & Commercial Industry is currently in the top 27% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Fidus Investment (FDUS), has yet to report results for the quarter ended December 2021.
This closed-end investment company is expected to post quarterly earnings of $0.35 per share in its upcoming report, which represents a year-over-year change of -20.5%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Fidus Investment’s revenues are expected to be $20.41 million, down 13.6% from the year-ago quarter.
Just Released: Zacks’ 7 Best Stocks for Today
Experts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that has beaten the market more than 2X over with a stunning average gain of +25.4% per year.
These 7 were selected because of their superior potential for immediate breakout.
See these time-sensitive tickers now>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Bain Capital Specialty Finance, Inc. (BCSF): Free Stock Analysis Report
Fidus Investment Corporation (FDUS): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
Note: This article have been indexed to our site. We do not claim legitimacy, ownership or copyright of any of the content above. To see the article at original source Click Here
Apple iPhone 15 Pro Max, 256GB, Blue Titanium - Unlocked (Renewed Premium)
$1,144.97 (as of June 16, 2024 20:54 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Hearth and Homestead: Handmade "Blue Outback" Australian Whipped Tallow Balm with Emu, Jojoba, Sandalwood, and Blue Cypress - 1.3 oz -
$47.00 (as of June 16, 2024 21:00 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Shark UR2360S Ultra Robot Vacuum, with Matrix Clean, Precision Mapping, 30-Day Capacity HEPA Bagless Self Empty Base, Self-Cleaning Brushroll Perfect for Pet Hair, WiFi, Black (Renewed)
$152.71 (as of June 16, 2024 20:54 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Apple AirPods (3rd Generation) Wireless Ear Buds, Bluetooth Headphones, Personalized Spatial Audio, Sweat and Water Resistant, Lightning Charging Case Included, Up to 30 Hours of Battery Life
$138.59 (as of June 16, 2024 20:54 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
