Capital Southwest Corp reports results for the quarter ended in September 30 - Earnings Summary

Reuters
29 Oct 2024

* Capital Southwest Corp reported quarterly adjusted earnings of 66 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 69 cents. The mean expectation of seven analysts for the quarter was for earnings of 65 cents per share. Wall Street expected results to range from 62 cents to 67 cents per share.

* Revenue rose 1.3% to $43.32 million from a year ago; analysts expected $49.31 million.

* Capital Southwest Corp's reported EPS for the quarter was 48 cents​.

* The company reported quarterly net income of $22.68 million.

* Capital Southwest Corp shares had risen by 1.3% this quarter and gained 8.1% so far this year.

FORECAST CHANGES

* The mean earnings estimate of analysts had fallen by about 1.2% in the last three months.​

* In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell."

* The average consensus recommendation for the investment management & fund operators peer group is also "buy"

Wall Street's median 12-month price target for Capital Southwest Corp is 24.50 This summary was machine generated from LSEG data October 29 at 02:26 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,

MISSED

Sep. 30 2024 0.65 0.66 Beat

Jun. 30 2024 0.65 0.99 Beat

Mar. 31 2024 0.66 0.66 Met

Dec. 31 2023 0.66 0.70 Beat

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