Oaktree Specialty Lending (OCSL) got here out with quarterly earnings of $0.55 per share, lacking the Zacks Consensus Estimate of $0.56 per share. This compares to earnings of $0.62 per share a yr in the past. These figures are adjusted for non-recurring objects.
This quarterly report represents an earnings shock of -1.79%. 1 / 4 in the past, it was anticipated that this specialty finance firm would publish earnings of $0.57 per share when it truly produced earnings of $0.55, delivering a shock of -3.51%.
During the last 4 quarters, the corporate has not been capable of surpass consensus EPS estimates.
Oaktree Specialty Lending
The sustainability of the inventory’s speedy worth motion primarily based on the recently-released numbers and future earnings expectations will largely rely upon administration’s commentary on the earnings name.
Oaktree Specialty Lending shares have misplaced about 20.9% for the reason that starting of the yr versus the S&P 500’s achieve of 23.6%.
What’s Subsequent for Oaktree Specialty Lending?
Whereas Oaktree Specialty Lending has underperformed the market to this point this yr, the query that involves buyers’ minds is: what’s subsequent for the inventory?
There are not any simple solutions to this key query, however one dependable measure that may assist buyers tackle that is the corporate’s earnings outlook. Not solely does this embody present consensus earnings expectations for the approaching quarter(s), but in addition how these expectations have modified these days.
Empirical analysis exhibits a powerful correlation between near-term inventory actions and tendencies in earnings estimate revisions. Traders can observe such revisions by themselves or depend on a tried-and-tested score device just like the Zacks Rank, which has a formidable observe document of harnessing the facility of earnings estimate revisions.
Forward of this earnings release, the estimate revisions pattern for Oaktree Specialty Lending: unfavorable. Whereas the magnitude and route of estimate revisions may change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #4 (Promote) for the inventory. So, the shares are anticipated to underperform the market within the close to future. You’ll be able to see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
It is going to be attention-grabbing to see how estimates for the approaching quarters and present fiscal yr change within the days forward. The present consensus EPS estimate is $0.57 on $98.92 million in revenues for the approaching quarter and $2.25 on $394.13 million in revenues for the present fiscal yr.
Traders must be conscious of the truth that the outlook for the trade can have a cloth influence on the efficiency of the inventory as effectively. When it comes to the Zacks Trade Rank, Monetary – Miscellaneous Providers is presently within the prime 25% of the 250 plus Zacks industries. Our analysis exhibits that the highest 50% of the Zacks-ranked industries outperform the underside 50% by an element of greater than 2 to 1.
One different inventory from the broader Zacks Finance sector, PennantPark (PFLT), is but to report outcomes for the quarter ended September 2024. The outcomes are anticipated to be launched on November 25.
This funding firm is anticipated to publish quarterly earnings of $0.32 per share in its upcoming report, which represents no change from the year-ago quarter. The consensus EPS estimate for the quarter has remained unchanged over the past 30 days.
PennantPark’s revenues are anticipated to be $51.49 million, up 44.1% from the year-ago quarter.
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Oaktree Specialty Lending Corp. (OCSL) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.
