Barings BDC (BBDC) Dips More Than Broader Markets: What You Should Know
In the latest trading session, Barings BDC (BBDC) closed at $7.80, marking a -1.39% move from the previous day. This change lagged the S&P 500's daily loss of 0.58%. Meanwhile, the Dow lost 0.59%, and the Nasdaq, a tech-heavy index, lost 1.54%.
Coming into today, shares of the business development company had lost 9.18% in the past month. In that same time, the Finance sector lost 6.39%, while the S&P 500 gained 2%.
Investors will be hoping for strength from Barings BDC as it approaches its next earnings release. On that day, Barings BDC is projected to report earnings of $0.29 per share, which would represent year-over-year growth of 26.09%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $66.55 million, up 52.08% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $1.16 per share and revenue of $271.82 million, which would represent changes of +3.57% and +24.05%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Barings BDC. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Barings BDC is holding a Zacks Rank of #2 (Buy) right now.
In terms of valuation, Barings BDC is currently trading at a Forward P/E ratio of 6.82. Its industry sports an average Forward P/E of 7.02, so we one might conclude that Barings BDC is trading at a discount comparatively.
The Financial - SBIC & Commercial Industry industry is part of the Finance sector. This group has a Zacks Industry Rank of 14, putting it in the top 6% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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BARINGS BDC, INC. (BBDC) : Free Stock Analysis Report
