Monroe Capital Corporation (NASDAQ:MRCC) is set to announce third quarter earning results on Wednesday 4th November 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, MRCC to report 3Q20 income of $ 0.27 per share from revenue of $ 13.47 million.
For the full year, analysts anticipate top line of $ 62.79 million, while looking forward to income of $ 1.49 per share bottom line.
Previous Quarter Performance
Monroe Capital Corporation communicated income for the second quarter of $ 0.62 per share, from the revenue of $ 20.64 million. The consensus estimates are income of $ 0.28 per share from $ 14.17 million in revenue. The bottom line results beat street analysts by $ 0.34 or 121.43 percent, at the same time, top line results outshined analysts by $ 6.47 million or 45.66 percent.
Stock Performance
Shares of Monroe Capital Corporation traded up $ 0.20 or 3.00 percent on Tuesday, reaching $ 6.87 with volume of 96.10 thousand shares. Monroe Capital Corporation has traded high as $ 6.92 and has cracked $ 6.62 on the downward trend
According to the previous trading day, closing price of $ 6.87, representing a 87.36 % increase from the 52 week low of $ 3.56 and a 44.88 % decrease over the 52 week high of $ 12.10.
The company has a market capital of $ 146.36 million and is part of the Financial Services sector and Specialty Finance industry.
Monroe Capital Corporation is a business development company specializing in senior, unitranche and junior secured debt and to a lesser extent, unsecured debt and equity investments, and buyouts in middle-market companies. The fund prefers to invest in casinos and gaming, broadcasting, publishing, alcoholic beverage and tobacco distribution, oil and gas, insurance, pharmaceuticals and bio sciences, aerospace and defense, commercial printing, natural rubber, glass, container and packaging, metals and mining, and real estate. It focuses to invest in the United States and Canada.
