Barings BDC (NYSE:BBDC) reported its Q4 earnings results on Thursday, February 22, 2024 at 04:15 PM.
Here's what investors need to know about the announcement.
Earnings
Barings BDC beat estimated earnings by 3.33%, reporting an EPS of $0.31 versus an estimate of $0.3.
Revenue was up $12.38 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.01 which was followed by a 4.79% drop in the share price the next day.
Here's a look at Barings BDC's past performance:
| Quarter | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.32 | 0.29 | 0.29 | 0.27 |
| EPS Actual | 0.31 | 0.31 | 0.25 | 0.34 |
| Revenue Estimate | 73.58M | 70.64M | 67.45M | 62.70M |
| Revenue Actual | 70.85M | 75.30M | 67.20M | 63.47M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Barings BDC management provided guidance for Q4 2023, expecting earnings between $0.3 and $0.32 per share.
To track all earnings releases for Barings BDC visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.