Carlyle Secured Lending, Inc. (CGBD) Q2 Earnings Beat Estimates

Core Viewpoint - Carlyle Secured Lending, Inc. (CGBD) reported quarterly earnings of $0.51 per share, exceeding the Zacks Consensus Estimate of $0.50 per share, but down from $0.52 per share a year ago, indicating a slight decline in year-over-year earnings [1][2] Financial Performance - The company posted revenues of $41.65 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 1.32% and down from $42.73 million year-over-year [2] - Over the last four quarters, Carlyle Secured Lending has surpassed consensus EPS estimates three times and topped consensus revenue estimates two times [2] Stock Performance - Carlyle Secured Lending shares have increased approximately 13% since the beginning of the year, outperforming the S&P 500's gain of 12.1% [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating expectations for it to outperform the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.50 on revenues of $42.51 million, and for the current fiscal year, it is $2.05 on revenues of $171.32 million [7] - The trend for estimate revisions ahead of the earnings release was favorable, suggesting potential positive movements in stock performance [6] Industry Context - The Financial - SBIC & Commercial Industry, to which Carlyle Secured Lending belongs, is currently ranked in the bottom 33% of over 250 Zacks industries, which may impact stock performance [8]