Prospect Capital Corp (NASDAQ: PSEC) has reported earnings for its third fiscal quarter (ending March 31) of $0.27 versus a loss $-0.27 for the same period a year ago. This result exceeded the consensus estimate of $0.17 by $0.09. For the latest four quarters through March 31, E.P.S. were $0.35 versus $-0.54 for the same period a year ago.
Recent Price Action
On 5/8/24, Prospect Capital Corp (NASDAQ: PSEC) stock declined slightly by -0.8%, closing at $5.22. However, trading volume in this decline was below average at 78% of normal. Relative to the market the stock has been weak over the last nine months but is unchanged during the last week.
Current PriceTarget Research Rating
PSEC’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
Prospect Capital has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Prospect Capital has a very high Appreciation Score of 88 but a poor Power Rating of 26, resulting in the High Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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