In its upcoming report, Gladstone Investment (GAIN) is predicted by Wall Street analysts to post quarterly earnings of $0.23 per share, reflecting a decline of 4.2% compared to the same period last year. Revenues are forecasted to be $23.95 million, representing a year-over-year increase of 8%.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
That said, let's delve into the average estimates of some Gladstone Investment metrics that Wall Street analysts commonly model and monitor.
Analysts' assessment points toward 'Interest income- Affiliate investments' reaching $6.38 million. Compared to the current estimate, the company reported $6.04 million in the same quarter of the previous year.
Analysts predict that the 'Interest income- Non-Control/Non-Affiliate investments' will reach $16.04 million. The estimate compares to the year-ago value of $14.54 million.
It is projected by analysts that the 'Total interest income' will reach $22.49 million. Compared to the present estimate, the company reported $20.63 million in the same quarter last year.
View all Key Company Metrics for Gladstone Investment here>>>
Shares of Gladstone Investment have demonstrated returns of -0.8% over the past month compared to the Zacks S&P 500 composite's +1.2% change. With a Zacks Rank #2 (Buy), GAIN is expected to beat the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Gladstone Investment Corporation (GAIN): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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