Q3 Earnings Outlook For Prospect Capital

On Wednesday, May 8, Prospect Capital PSEC will release its latest earnings report. Here is Benzinga's outlook for the company.

Earnings and Revenue

Prospect Capital EPS will likely be near 21 cents while revenue will be around $176.68 million, according to analysts.

In the same quarter last year, Prospect Capital reported EPS of 19 cents on revenue of $162.83 million. If the company were to match the consensus estimate, earnings would be up 10.53 percent. Sales would be up 8.50 percent on a year-over-year basis. The company's reported EPS has stacked up against analyst estimates in the past like this:

Stock Performance

Shares of Prospect Capital were trading at $6.78 as of May 8. Over the last 52-week period, shares are up 6.27 percent. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.

Analyst estimates are adjusted higher for EPS and revenues over the past 90 days. Analysts seem to have settled on a Neutral rating with Prospect Capital. The strength of this rating has maintained conviction over the past three months.