BlackRock TCP (TCPC) Meets Q2 Earnings Estimates

Financial Performance - BlackRock TCP reported quarterly earnings of $0.42 per share, matching the Zacks Consensus Estimate, but down from $0.48 per share a year ago [1] - The company posted revenues of $71.53 million for the quarter ended June 2024, exceeding the Zacks Consensus Estimate by 1.61% and up from $53.96 million year-over-year [2] - Over the last four quarters, BlackRock TCP has surpassed consensus revenue estimates three times [2] Stock Performance - BlackRock TCP shares have declined approximately 13.8% since the beginning of the year, contrasting with the S&P 500's gain of 9.9% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.40 on revenues of $70.11 million, and for the current fiscal year, it is $1.71 on revenues of $265.43 million [7] - The estimate revisions trend for BlackRock TCP is mixed, which may change following the recent earnings report [6] Industry Context - The Financial - SBIC & Commercial Industry, to which BlackRock TCP belongs, is currently ranked in the bottom 30% of over 250 Zacks industries, indicating potential challenges ahead [8]