|Bid||13.60 x 1000|
|Ask||13.69 x 900|
|Day's Range||13.47 - 13.70|
|52 Week Range||7.18 - 13.98|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||4.83|
|Forward Dividend & Yield||1.28 (9.37%)|
|Ex-Dividend Date||Mar 30, 2021|
|1y Target Est||N/A|
TCG BDC, Inc. (CGBD) delivered earnings and revenue surprises of -5.26% and -6.17%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?
Shares of TCG BDC (NASDAQ:CGBD) were flat in after-market trading after the company reported Q4 results. Quarterly Results Earnings per share were down 11.63% over the past year to $0.38, which beat the estimate of $0.36. Revenue of $43,514,000 decreased by 18.61% year over year, which beat the estimate of $42,700,000. Guidance Earnings guidance hasn't been issued by the company for now. View more earnings on CGBD TCG BDC hasn't issued any revenue guidance for the time being. Technicals Company's 52-week high was at $13.84 52-week low: $4.30 Price action over last quarter: Up 28.60% Company Profile TCG BDC Inc is the United States-based externally managed specialty finance company focused on lending to middle-market companies. Its investment objective is to generate current income and capital appreciation through debt investments in U.S. middle-market companies. The company seeks to achieve its investment objective through direct origination of secured debt, including first lien senior secured loans and second lien senior secured loans, with the balance of its assets invested in higher-yielding investments. The company generates revenues in the form of interest income from the investments it holds. See more from BenzingaClick here for options trades from BenzingaEarnings Scheduled For February 23, 2021Earnings Preview: TCG BDC© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
TCG BDC (NASDAQ:CGBD) releases its next round of earnings this Tuesday, February 23. Get the latest predictions in Benzinga's essential guide to the company's Q4 earnings report. What Are Earnings, Net Income, And Earnings Per Share? Earnings and EPS are useful metrics of profitability. Total earnings also known as net income is equal to total revenue minus total expenses. Dividing net income by the total number of shares outstanding yields EPS. Earnings And Revenue TCG BDC earnings will be near $0.36 per share on sales of $42.70 million, according to analysts. TCG BDC EPS in the same period a year ago totaled $0.43. Sales were $53.47 million. What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter? Analysts who cover this company will publish forward-looking estimates of its revenue and EPS each quarter. Averaging together every EPS and revenue prediction that each analyst makes about a company in a quarter yields the "consensus estimates." A company posting earnings or revenue above or below the consensus estimate is known as an "earnings surprise" and may move the stock by a considerable margin. View more earnings on CGBD If the company were to report earnings in line when it publishes results Tuesday, earnings would be down 16.28%. Sales would have fallen 20.13% from the same quarter last year. The company's reported EPS has stacked up against analyst estimates in the past like this: Quarter Q3 2020 Q2 2020 Q1 2020 Q4 2020 EPS Estimate 0.36 0.35 0.40 0.43 EPS Actual 0.38 0.39 0.42 0.43 Revenue Estimate 43.08 M 44.32 M 51.51 M 54.79 M Revenue Actual 42.78 M 45.27 M 50.55 M 53.47 M Stock Performance Shares of TCG BDC were trading at $12.05 as of February 19. Over the last 52-week period, shares are down 6.24%. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release. Do not be surprised to see the stock move on comments made during its conference call. TCG BDC is scheduled to hold the call at 11:00:00 ET and can be accessed here. See more from BenzingaClick here for options trades from BenzingaAnalyzing Amcor's Ex-Dividend DateTheravance Biopharma Earnings Preview© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.