Monroe Capital Corporation (NASDAQ: MRCC) released its Q4 earnings report on March 11, 2024, at 04:01 PM. Let’s take a closer look at the highlights:
– Earnings:
Monroe Cap fell short of the estimated earnings by -4.0%, posting an EPS of $0.26 compared to the expected $0.27.
Revenue saw an increase of $339 thousand from the same period last year.
– Previous Earnings Performance:
In the last quarter, the company missed EPS by $0.02, but saw a 1.0% rise in share price the following day.
A quick overview of Monroe Cap’s recent performance:
Quarter Q3 2023 Q2 2023 Q1 2023 Q4 2022
EPS Estimate 0.27 0.28 0.27 0.26
EPS Actual 0.25 0.28 0.32 0.26
Revenue Estimate $16.14M $16.72M $16.77M $15.14M
Revenue Actual $15.64M $16.35M $16.80M $15.16M
For more in-depth information and to stay updated on all earnings reports from Monroe Capital Corporation, be sure to check out their press releases page.
Medley Capital Corporation (MRCC) Stock Sees Mixed Performances on March 11, 2024
On March 11, 2024, Medley Capital Corporation (MRCC) saw some mixed performances in its stock price. According to data from CNN Money, MRCC is currently trading in the middle of its 52-week range and near its 200-day simple moving average.
The price of MRCC shares increased by $0.11 since the market last closed, representing a 1.48% rise. The stock closed at $7.55, showing some positive momentum throughout the trading day. However, in after-hours trading, the stock dropped by $0.05, reversing some of the gains made during regular trading hours.
MRCC Stock Shows Strong Revenue Growth in 2024: Financial Performance Analysis
On March 11, 2024, MRCC stock showed significant improvements in its financial performance compared to the previous year and quarter. According to data from CNN Money, the company reported a total revenue of $55.55 million over the past year, which represented a 73.51% increase from the previous year. In the most recent quarter, MRCC reported a total revenue of $15.67 million, showing a substantial 172.15% increase from the previous quarter.
Despite the positive revenue growth, MRCC reported a net income of -$2.79 million over the past year, representing a 108.58% decrease from the previous year. However, in the most recent quarter, the company reported a net income of -$236.00 thousand, showing a significant improvement of 94.56% from the previous quarter.
Earnings per share (EPS) for MRCC also saw improvements in the most recent quarter. The company reported an EPS of -$0.13 over the past year, which represented a 108.5% decrease from the previous year. In the most recent quarter, MRCC reported an EPS of -$0.01, showing a 94.55% increase from the previous quarter.
Overall, MRCC stock showed strong revenue growth in both the past year and quarter. Investors may want to keep an eye on MRCC stock to see if the positive revenue growth continues to translate into improved financial performance in the future.
