Investment Income - Total investment income for Q4 2025 was $29.8 million, down from $34.9 million in Q4 2024, representing a decrease of approximately 14.7%[4] - Net investment income for Q4 2025 was $13.1 million or $0.41 per share, compared to $14.8 million or $0.45 per share in the same period last year, reflecting a decline of 11.5% in income per share[4] - Total investment income from non-controlled, non-affiliated investments decreased from $143,513,299 in 2024 to $124,394,762 in 2025, a reduction of about 13.3%[24] - Net investment income decreased from $62,600,382 in 2024 to $53,463,580 in 2025, representing a decline of approximately 14.6%[24] Asset Value - Net asset value (NAV) per share decreased to $14.85 as of December 31, 2025, from $15.39 as of September 30, 2025, indicating a decline of 3.5%[4] - The net asset value per common share decreased from $16.50 in 2024 to $14.85 in 2025, a decline of approximately 10%[20] - As of December 31, 2025, total assets were $1.2 billion, and total net assets were $464.1 million[4] - Total assets decreased from $1,431,042,759 in 2024 to $1,219,375,759 in 2025, a decline of approximately 14.8%[20] Losses and Investments - Total net realized and unrealized losses for Q4 2025 were $18.4 million, significantly higher than losses of $2.9 million in Q4 2024[4] - Gross investments in 2025 were $426,717,344, down from $773,809,544 in 2024, a decrease of approximately 44.9%[27] - Total principal amount of investments sold or repaid increased from $468,762,595 in 2024 to $581,986,420 in 2025, an increase of about 24.2%[27] - The number of new investment commitments decreased from 94 in 2024 to 90 in 2025[27] Debt and Financing - The debt-to-equity ratio as of December 31, 2025, was 1.54x, slightly up from 1.53x as of September 30, 2025[4] - The company had $21.5 million in unfunded commitments to provide debt financing to its portfolio companies as of December 31, 2025[22] - The weighted average interest rate of new investment commitments was 8.25% in 2025, down from 9.12% in 2024[27] Dividends - The company declared a first quarter regular base dividend of $0.36 per share, payable on April 9, 2026, with an additional supplemental dividend expected to be announced in March[9] Portfolio Overview - The portfolio consisted of 264 investments in 205 companies with a total fair value of approximately $1.2 billion, with 84.3% in first lien senior secured debt[6] - The weighted average total yield to maturity of debt and income-producing securities at fair value was 11.30% as of December 31, 2025[7] - The principal amount of new investments funded in Q4 2025 was $91.4 million, with $148.3 million in aggregate principal amount in sales and repayments[7]

分组1 - Palmer Square Capital BDC Inc. reported quarterly earnings of $0.41 per share, missing the Zacks Consensus Estimate of $0.42 per share, and down from $0.46 per share a year ago, representing an earnings surprise of -1.21% [1] - The company posted revenues of $29.82 million for the quarter ended December 2025, missing the Zacks Consensus Estimate by 0.51%, and down from $34.87 million year-over-year [2] - The stock has underperformed the market, losing about 9.6% since the beginning of the year, while the S&P 500 gained 1.5% [3] 分组2 - The current consensus EPS estimate for the coming quarter is $0.41 on revenues of $29.06 million, and for the current fiscal year, it is $1.58 on revenues of $112.16 million [7] - The Zacks Industry Rank for the Financial - SBIC & Commercial Industry is currently in the bottom 41% of over 250 Zacks industries, indicating potential underperformance compared to the top 50% [8] - The estimate revisions trend for Palmer Square Capital BDC Inc. was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, suggesting it is expected to perform in line with the market [6]

Investment Portfolio - As of December 31, 2025, the company had 264 debt and equity investments in 205 portfolio companies with an aggregate fair value of approximately $1.2 billion[384]. - Total investments decreased from $1.3 billion as of December 31, 2024 to $1.2 billion as of December 31, 2025, representing a decline of approximately 8.3%[391]. - The investment portfolio at fair value increased from $966.9 million as of December 31, 2022 to $1.0 billion as of December 31, 2023, and then to $1.3 billion as of December 31, 2024 before decreasing to $1.2 billion in 2025[393]. - The company has 22 unfunded commitments totaling $21.5 million, compared to 26 commitments totaling $21.6 million as of December 31, 2024[449]. Financial Performance - For the year ended December 31, 2025, total investment income was $124.39 million, down from $143.51 million in 2024, a decrease of about 13.3%[393]. - Net investment income for 2025 was $53.46 million, compared to $62.60 million in 2024, reflecting a decline of approximately 14.6%[391]. - The company reported a net decrease in net assets resulting from operations of $(3.17) million for the year ended December 31, 2025, compared to an increase of $47.67 million in 2024[391]. - For the year ended December 31, 2025, the net change in unrealized gains (losses) on investments was $(43.4) million, compared to $2.8 million in 2024 and $52.6 million in 2023[401]. Investment Strategy - The company’s investment objective is to maximize total return, which includes current income and capital appreciation, focusing on corporate debt securities and CLO structured credit funds[379]. - The company is externally managed by an Investment Advisor registered with the SEC, which oversees day-to-day operations and investment management[378]. - The company has elected to be regulated as a BDC under the 1940 Act and expects to qualify as a RIC annually[375]. Debt and Financing - The principal amount of first-lien senior secured debt investments sold or repaid in 2025 was $541.15 million, compared to $416.69 million in 2024[385]. - The company had $262.4 million in undrawn capacity under the Bank of America Credit Facility and $45.7 million under the Wells Fargo Credit Facility as of December 31, 2025[406]. - The asset coverage ratio was 165% as of December 31, 2025, exceeding the required minimum of 150%[407]. - The Bank of America Credit Facility has a commitment amount of $525 million, with the ability to draw scheduled to terminate on February 11, 2028[418]. - As of December 31, 2025, approximately $262.6 million principal was outstanding under the Bank of America Credit Facility, with compliance to applicable covenants[421]. - The Wells Fargo Credit Facility was amended to increase the amount available for borrowing and extend the facility maturity date as of November 4, 2025[423]. - The company has a BoA Credit Facility with a total obligation of $260.4 million and a WF Credit Facility with a total obligation of $154.0 million[448]. Interest Rates and Risks - The weighted average total yield to maturity of debt and income-producing securities at fair value was 11.30% as of December 31, 2025, compared to 10.65% as of December 31, 2024[381][382]. - The average interest rate on debt decreased from 6.82% at December 31, 2024 to 5.97% at December 31, 2025[395]. - A 200 basis points decrease in interest rates could lead to a net investment income decrease of $10.0 million, while a 200 basis points increase could result in a net increase of $9.98 million[453]. - The company is subject to financial market risks, including interest rate changes that could materially affect net investment income[451]. - The company measures exposure to interest rate and currency exchange rate fluctuations and may use hedging instruments to mitigate risks[455]. - The company’s interest rate sensitivity indicates that changes in market interest rates could have a significant impact on earnings[451]. - The company’s investments in foreign currencies are subject to risks associated with currency exchange rate fluctuations[454]. Shareholder Returns - The company intends to distribute quarterly dividends to stockholders, contingent on available income[431]. - To maintain RIC tax treatment, the company must distribute at least 90% of its net ordinary income and net short-term capital gains[432]. - The company has adopted a dividend reinvestment plan, allowing stockholders to reinvest dividends in additional shares unless they opt for cash[435]. - The company issued 32,662 shares at an aggregate purchase price of $0.5 million in 2025, compared to 5,576,363 shares for $91.7 million in 2024[408]. - The company repurchased 1,371,447 shares of common stock in 2025 under the Company Rule 10b5-1 Repurchase Plan and Extended Company Rule 10b5-1 Stock Repurchase Plan[412]. Valuation and Obligations - The valuation of portfolio investments is conducted by the Investment Advisor, with independent valuation providers engaged for material investments[442]. - Realized gains or losses are measured by the difference between net proceeds from sales and the amortized cost basis of investments[445]. - Total contractual obligations amount to $716.5 million, with $260.4 million due in 1-3 years and $154.0 million due in 3-5 years[448]. - The company has no off-balance sheet financings or liabilities other than contractual commitments and legal contingencies[450]. - The company maintains sufficient liquidity to fund unfunded commitments through cash, receivables, and borrowing capacity[449].

Core Insights - The article emphasizes the importance of a hybrid investment strategy that combines classic dividend growth stocks with Business Development Companies, REITs, and Closed End Funds to enhance investment income while achieving total returns comparable to traditional index funds [1]. Investment Strategy - The company advocates for a balanced approach to investing, suggesting that a solid base of dividend growth stocks can be effectively supplemented with other asset types to maximize income potential [1]. - The strategy aims to achieve a total return that aligns with the performance of the S&P index, indicating a focus on both growth and income [1].

Investment Income - Total investment income for Q3 2025 was $31.7 million, down from $37.3 million in Q3 2024, representing a decrease of approximately 15.1%[4] - Net investment income for Q3 2025 was $13.6 million, or $0.43 per share, compared to $15.7 million, or $0.48 per share in the same period last year, reflecting a decline of 13.4% in income per share[4] - Net investment income for the three months ended September 30, 2025, was $13,641,070, compared to $15,728,731 for the same period in 2024, a decrease of approximately 13.3%[25] Asset and Liability Overview - As of September 30, 2025, total assets were $1.3 billion, with total net assets of $490.4 million[4] - Total assets as of September 30, 2025, were $1,281,521,793, a decrease from $1,431,042,759 as of December 31, 2024, representing a decline of approximately 10.5%[21] - Total liabilities decreased to $791,076,580 from $893,197,790, reflecting a reduction of about 11.4%[21] - The debt-to-equity ratio as of September 30, 2025, was 1.53x, slightly up from 1.51x as of June 30, 2025[4] Investment Performance - Total net realized and unrealized losses for Q3 2025 were $10.3 million, compared to losses of $8.2 million in Q3 2024, marking an increase in losses of approximately 25.6%[4] - The company reported a net increase in net assets resulting from operations of $3,353,424 for the three months ended September 30, 2025, down from $7,555,185 in 2024, a decline of about 55.7%[25] - Gross investments for the three months ended September 30, 2025, totaled $138,665,631, significantly higher than $66,239,961 in the same period of 2024, an increase of approximately 109.4%[28] - Total new investments were negative at $(17,361,796) for the three months ended September 30, 2025, compared to $(16,582,259) in 2024, indicating a continued trend of divestment[28] Dividend Information - The company declared a fourth quarter regular base dividend of $0.36 per share, payable on January 14, 2026, to shareholders of record as of December 29, 2025[9] Portfolio Composition - The portfolio consisted of 86.10% first lien senior secured debt investments, with a total fair value of investments at approximately $1.2 billion[6] - The weighted average total yield to maturity of debt and income-producing securities at fair value was 10.07% as of September 30, 2025[7] - The principal amount of new investments funded in Q3 2025 was $138.7 million, with $156.0 million in aggregate principal amount in sales and repayments[7] Commitment and Interest Rates - The company had an aggregate of $16.4 million in unfunded commitments to provide debt financing to its portfolio companies as of September 30, 2025, down from $21.6 million as of December 31, 2024[23] - The weighted average interest rate of new investment commitments was 8.48% for the three months ended September 30, 2025, down from 9.07% in 2024[28] - The average new investment commitment amount increased to $4,760,375 for the three months ended September 30, 2025, compared to $2,717,288 in 2024, an increase of approximately 75.5%[28] Net Asset Value - Net asset value (NAV) per share decreased to $15.39 as of September 30, 2025, from $15.68 as of June 30, 2025, indicating a decline of 1.85%[4] - The net asset value per common share decreased to $15.39 as of September 30, 2025, from $16.50 as of December 31, 2024, a decline of approximately 6.7%[21]

Core Insights - Palmer Square Capital BDC reported a net investment income of $13.6 million or $0.43 per share for Q3 2025, exceeding the base dividend of $0.36 per share and total dividend of $0.42 per share, which includes a supplemental distribution of $0.06 [5][26] - The company deployed $138.7 million in capital during the third quarter and generated total investment income of $31.7 million, down 15.1% from the previous year [26][18] - The NAV per share as of September 30, 2025, was $15.39, a decrease from $15.68 at the end of 2025 [27] Financial Performance - Total investment income for Q3 2025 was $31.7 million, down from $37.3 million in the same period last year [26] - Total net expenses decreased to $18 million from $21.6 million year-over-year [26] - The company experienced total net realized and unrealized losses of $10.3 million, compared to $8.2 million in the prior year [26] Investment Strategy - The company focuses on a distribution strategy that maximizes cash returns to investors, paying out nearly all excess earnings as supplemental dividends [5] - The investment portfolio had a fair value of approximately $1.26 billion across 42 industries, with a weighted average total yield to maturity of 10.07% [18][19] - The portfolio is 95% senior secured, with an average hold size of approximately $5 million, contributing to a strong credit profile [20] Market Outlook - The company noted early signs of improvement in deal activity, with a healthier mix of opportunities in both syndicated and private credit markets [11][12] - The recent $55 billion take-private of Electronic Arts and the $18 billion take-private of Hologic indicate a strong market appetite for high-quality transactions [12] - The company remains cautiously optimistic about the environment, anticipating continued refinancing activity and potential M&A growth [15][16] Shareholder Alignment - The Board approved an additional $5 million for open market share repurchases, complementing the existing stock repurchase plan [25] - The management fee structure is based on net asset value rather than gross assets, aligning the interests of the management team with those of shareholders [24] - The company emphasizes transparency by disclosing NAV on a monthly basis, providing shareholders with regular insights into performance [6]

Company Performance - Palmer Square Capital BDC Inc. reported quarterly earnings of $0.43 per share, exceeding the Zacks Consensus Estimate of $0.41 per share, but down from $0.48 per share a year ago, representing an earnings surprise of +4.88% [1] - The company posted revenues of $31.69 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 5.63%, but down from $37.31 million year-over-year [2] - Over the last four quarters, the company has surpassed consensus EPS estimates two times and topped consensus revenue estimates two times [2] Stock Performance - Palmer Square Capital BDC Inc. shares have declined approximately 20.1% since the beginning of the year, contrasting with the S&P 500's gain of 15.1% [3] - The current Zacks Rank for the stock is 3 (Hold), indicating that shares are expected to perform in line with the market in the near future [6] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.41 on revenues of $30.1 million, and for the current fiscal year, it is $1.64 on revenues of $122.99 million [7] - The estimate revisions trend for Palmer Square Capital BDC Inc. was mixed ahead of the earnings release, and future estimates may change following the recent earnings report [6] Industry Context - The Financial - SBIC & Commercial Industry, to which Palmer Square Capital BDC Inc. belongs, is currently ranked in the bottom 21% of over 250 Zacks industries, indicating potential challenges for stock performance [8]

Investment Portfolio - As of September 30, 2025, the company had 262 debt and equity investments in 209 portfolio companies with an aggregate fair value of approximately $1.2 billion[204] - As of December 31, 2024, the company had 262 debt and equity investments in 207 portfolio companies with an aggregate fair value of approximately $1.3 billion[204] - The investment portfolio primarily consisted of floating rate loans in a falling rate environment, contributing to lower total investment income[214] - The company’s investment portfolio at fair value decreased from $1.3 billion as of December 31, 2024 to $1.2 billion as of September 30, 2025[214] - For the nine months ended September 30, 2025, the company experienced a net unrealized depreciation of $42.9 million related to existing portfolio investments[221] Financial Performance - For the three months ended September 30, 2025, gross investments amounted to $138.67 million, while sold investments totaled $156.03 million, resulting in a total new investment of $(17.36) million[206] - Total investment income for the three months ended September 30, 2025 was $31.69 million, down from $37.31 million in the same period of 2024, reflecting a decrease in interest income[213] - Net investment income for the nine months ended September 30, 2025 was $40.40 million, compared to $47.80 million for the same period in 2024[213] - Interest expense for the nine months ended September 30, 2025 was $38.30 million, down from $43.85 million in the same period of 2024[215] - Net unrealized losses on investments for the three months ended September 30, 2025 were $(9.04) million, compared to $(1.05) million for the same period in 2024[220] Debt and Financing - The principal amount of first-lien senior secured debt investments funded for the three months ended September 30, 2025, was $121.39 million[206] - As of September 30, 2025, total investments amounted to $1.33 billion, a decrease from $1.45 billion as of December 31, 2024[209] - The company has total contractual obligations of $752.35 million due by September 30, 2025, including $294.64 million from the BoA Credit Facility and $155.42 million from the WF Credit Facility[267] - As of September 30, 2025, the principal outstanding under the BoA Credit Facility was $297.1 million[239] - The WF Credit Facility was amended to increase the borrowing amount from $150 million to $175 million and extend the maturity date to December 18, 2028[241] Investment Commitments - The average new investment commitment amount for the three months ended September 30, 2025, was $4.76 million, an increase from $2.72 million in the same period of 2024[207] - The percentage of new debt investment commitments at floating rates was 97.75% for the three months ended September 30, 2025[207] - The weighted average interest rate of new investment commitments for the three months ended September 30, 2025, was 8.48%[207] - As of September 30, 2025, the company had 24 unfunded commitments totaling $16.4 million, down from 26 commitments totaling $21.6 million as of December 31, 2024[268] Dividends and Tax Treatment - The company intends to distribute quarterly dividends to stockholders, contingent on available income[250] - To maintain RIC tax treatment, the company must distribute at least 90% of its net ordinary income and net short-term capital gains[251] - The company has adopted a dividend reinvestment plan, allowing stockholders to reinvest dividends unless they opt for cash[254] - The company may retain capital gains for investment, incurring corporate-level tax, and treat them as deemed distributions to stockholders[253] Management and Advisory - The company is externally managed by an Investment Advisor registered with the SEC, which oversees day-to-day operations and investment management[199] - The Investment Advisor, which is majority-owned by PSCM, has an indirect pecuniary interest in the company, as several executive officers are involved[265] - The company has entered into an Advisory Agreement with an annual base management fee of 1.75% of the average value of total net assets, with an incentive fee based on performance[266] Risk Factors - The company is subject to interest rate sensitivity, with potential impacts on net investment income due to changes in interest rates, which could materially affect earnings[270] - A hypothetical increase of 200 basis points in interest rates could result in a net increase of $10.30 million in net investment income, while a decrease of 200 basis points could lead to a decrease of $10.38 million[272] - The company’s investments denominated in foreign currencies are subject to risks associated with currency exchange rate fluctuations[273] - The company may hedge against interest rate and currency exchange rate fluctuations using standard hedging instruments, subject to regulatory requirements[274] Liquidity and Cash Position - The company generated net cash provided by operating activities of $104.9 million during the nine months ended September 30, 2025, primarily from proceeds of $433.7 million from the sale of investments[223] - As of September 30, 2025, the company had cash and cash equivalents of $4.2 million and $227.9 million in undrawn capacity under the BoA Credit Facility[225] - The company maintains sufficient liquidity to fund unfunded commitments, supported by cash, receivables, and borrowing capacity[268] - The company does not have any off-balance sheet financings or liabilities other than contractual commitments and legal contingencies[269] Shareholder Activities - The company completed its IPO on January 22, 2024, issuing 5,450,000 shares at a public offering price of $16.45 per share[198] - During the nine months ended September 30, 2025, the company issued and sold 32,662 shares at an aggregate purchase price of $0.5 million[227] - The company repurchased 756,508 shares of its common stock under the Company Rule 10b5-1 Repurchase Plan and Extended Company Rule 10b5-1 Stock Repurchase Plan[230] - The company purchased 38,119 shares of its common stock under the PSCM Rule 10b5-1 Stock Purchase Plan and Extended PSCM Rule 10b5-1 Stock Purchase Plan[233] Asset Coverage - The asset coverage ratio as of September 30, 2025, was 165%, exceeding the required minimum of 150%[226]

Investment Income and Performance - Total investment income for Q2 2025 was $31.7 million, down from $36.5 million in Q2 2024, representing a decrease of approximately 13.1% year-over-year[4] - Net investment income for Q2 2025 was $13.8 million or $0.43 per share, compared to $15.8 million or $0.48 per share in the same period last year, reflecting a decline of 12.7% in income per share[4] - Total investment income for the six months ended June 30, 2025, was $62,891,199, down from $71,334,439 in the same period of 2024, a decline of about 11.8%[26] - Net investment income for the three months ended June 30, 2025, was $13,841,529, compared to $15,757,851 for the same period in 2024, reflecting a decrease of approximately 12.2%[26] - Basic and diluted net investment income per common share for the three months ended June 30, 2025, was $0.43, down from $0.48 in the same period of 2024[26] Asset and Liability Management - The total fair value of investments was approximately $1.28 billion, down from $1.43 billion year-over-year, a decrease of about 10.6%[4] - Total assets decreased from $1,431,042,759 as of December 31, 2024, to $1,314,814,526 as of June 30, 2025, representing a decline of approximately 8.1%[22] - Total liabilities decreased from $893,197,790 as of December 31, 2024, to $809,601,086 as of June 30, 2025, a reduction of about 9.4%[22] - The debt-to-equity ratio as of June 30, 2025, was 1.51x, slightly up from 1.50x as of March 31, 2025[4] Investment Activity - The principal amount of new investments funded in Q2 2025 was $92.4 million, with $133.3 million in sales and repayments during the same period[6] - For the three months ended June 30, 2025, total new investments amounted to $(40,920,002), compared to $49,274,391 for the same period in 2024, indicating a significant decrease[30] - The principal amount of first-lien senior secured debt investments for the six months ended June 30, 2025, was $182,160,770, down from $464,632,921 in 2024, reflecting a decline in investment activity[30] - The number of new investment commitments for the six months ended June 30, 2025, was 46, down from 59 in the same period of 2024, indicating a slowdown in new investment activity[30] Investment Returns and Distributions - Cash distributions to stockholders totaled $0.42 per share for Q2 2025, with a declared base dividend of $0.36 per share for Q3 2025[4][8] - The portfolio yield was 10.10% for Q2 2025, compared to 9.82% in Q2 2024, showing an increase of 2.9%[3] Losses and Commitments - Total net realized and unrealized losses for Q2 2025 were $6.7 million, an improvement from losses of $10.4 million in Q2 2024[4] - The company had $15.7 million of unfunded commitments to provide debt financing to its portfolio companies as of June 30, 2025[24] - Net realized losses on non-controlled, non-affiliated investments for the three months ended June 30, 2025, were $(5,745,139), compared to $(9,411,924) for the same period in 2024[26] Investment Terms and Conditions - The average new investment commitment amount decreased to $3,145,736 in Q2 2025 from $5,575,295 in Q2 2024, showing a reduction in the size of new commitments[30] - The percentage of new debt investment commitments at floating rates increased to 100.00% in Q2 2025, compared to 97.01% in Q2 2024, indicating a shift towards variable rate loans[30] - The weighted average interest rate of new investment commitments decreased to 8.93% in Q2 2025 from 9.96% in Q2 2024, suggesting a reduction in borrowing costs[30] - The weighted average maturity for new investment commitments was 5.16 years in Q2 2025, down from 6.05 years in Q2 2024, indicating shorter investment horizons[30] - The weighted average spread over the reference rate of new floating rate investment commitments was 4.56% in Q2 2025, slightly down from 4.68% in Q2 2024[30] - The weighted average interest rate on long-term investments sold or paid down was 8.65% in Q2 2025, compared to 10.69% in Q2 2024, reflecting improved terms on sold investments[30] Net Asset Value - Net asset value (NAV) per share decreased to $15.68 as of June 30, 2025, from $15.85 as of March 31, 2025, indicating a decline of 1.1%[4] - The net asset value per common share decreased from $16.50 as of December 31, 2024, to $15.68 as of June 30, 2025, a decline of approximately 5.0%[22] Operational Performance - The company reported a net increase in net assets resulting from operations of $7,169,976 for the three months ended June 30, 2025, compared to $5,312,813 for the same period in 2024, an increase of about 35.0%[26] - Total expenses for the six months ended June 30, 2025, were $36,136,519, compared to $39,308,870 for the same period in 2024, a decrease of approximately 8.3%[26]

Company Performance - Palmer Square Capital BDC Inc. reported quarterly earnings of $0.43 per share, exceeding the Zacks Consensus Estimate of $0.41 per share, but down from $0.48 per share a year ago, representing an earnings surprise of +4.88% [1] - The company posted revenues of $31.68 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 4.79%, but down from $36.55 million year-over-year [2] - Over the last four quarters, the company has surpassed consensus EPS estimates just once and topped consensus revenue estimates two times [2] Stock Performance - Palmer Square Capital BDC Inc. shares have declined approximately 7.7% since the beginning of the year, while the S&P 500 has gained 7.1% [3] - The current consensus EPS estimate for the upcoming quarter is $0.42 on revenues of $30.29 million, and for the current fiscal year, it is $1.62 on revenues of $121.86 million [7] Industry Outlook - The Financial - SBIC & Commercial Industry, to which Palmer Square Capital BDC Inc. belongs, is currently ranked in the top 41% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact stock performance [5][6]