TCG BDC, Inc. (CGBD) Misses Q1 Earnings and Revenue Estimates

By Zacks2 days ago

TCG BDC, Inc. (CGBD) came out with quarterly earnings of $0.36 per share, missing the Zacks Consensus Estimate of $0.38 per share. This compares to earnings of $0.42 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -5.26%. A quarter ago, it was expected that this company would post earnings of $0.38 per share when it actually produced earnings of $0.38, delivering no surprise.

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Over the last four quarters, the company has surpassed consensus EPS estimates just once.

TCG BDC, Inc.Which belongs to the Zacks Financial - Miscellaneous Services industry, posted revenues of $33.87 million for the quarter ended March 2021, missing the Zacks Consensus Estimate by 6.17%. This compares to year-ago revenues of $38.37 million. The company has topped consensus revenue estimates just once over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

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