Logan Ridge Finance Corp LRFC.OQ reported a quarterly adjusted loss of 25 cents per share for the quarter ended in June, lower than the same quarter last year, when the company reported EPS of $1.07. The lone analyst forecast for the quarter was for earnings of 35 cents per share.
Revenue rose 0.5% to $5.37 million from a year ago; analysts expected $5.60 million.
Logan Ridge Finance Corp's reported EPS for the quarter was a loss of 25 cents.
The company reported a quarterly loss of $658 thousand.
Logan Ridge Finance Corp shares had fallen by 2.7% this quarter and lost 3.6% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts was unchanged in the last three months.
In the last 30 days, there have been earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 1 "strong buy" or "buy," "hold" and "sell" or "strong sell."
The average consensus recommendation for the investment management & fund operators peer group is also "strong buy"
Wall Street's median 12-month price target for Logan Ridge Finance Corp is $25.00
This summary was machine generated from LSEG data August 9 at 08:02 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 |
Jun. 30 2024 |
0.35 |
-0.25 |
Missed |
Mar. 31 2024 |
0.36 |
0.65 |
Beat |
Dec. 31 2023 |
0.50 |
-1.02 |
Missed |
Sep. 30 2023 |
0.32 |
0.43 |
Beat |