Monroe Capital Corp Down 2.58% To $7.36 After Earnings Miss

Tuesday, March 12, 2024 - Monroe Capital Corp (MRCC) reported downside earnings and revenues today.

Monroe Capital Corp's earnings came in at an EPS of $0.26 per share, 4% lower than estimates for an EPS of $0.27 per share. The firm's earnings since reporting $0.26 per share in the same period a year ago. Remember, earnings reported were on an adjusted basis, so they may not be comparable to prior reports and/or analyst estimates.

Revenues were downbeat at $15.5 million. That is an increase of 2.24% in revenues from the year-ago report and is 6.38% lower than consensus estimates set at $16.6 million.

The stock is down 2.58% to $7.36 after the report.



The average recommendation from Wall Street analysts was a Buy which may get revised based on this new data.

Trading in the five days leading up to the report earned Monroe Capital Corp a Bullish Sentiment Rank from InvestorsObserver.

Monroe Capital Corp has performed a little below average during the past few months. Before the report, Monroe Capital Corp received a Long-Term Technical Rank by InvestorsObserver of 39, putting it in the bottom half of stocks. The firm set a 52-week low on October 30, 2023 at $6.69 and set a 52-week high on July 31, 2023 at $8.85.

Monroe Capital Corp is a speciality finance company focused on providing financing to lower middle-market companies, in the U.S. and Canada. The company provides customized financing solutions focused on senior, unitranche and junior secured debt and unsecured subordinated debt and equity, including equity co-investments in preferred and common stock and warrants.