BlackRock TCP (TCPC) Misses Q3 Earnings Estimates

Core Viewpoint - BlackRock TCP reported quarterly earnings of $0.36 per share, missing the Zacks Consensus Estimate of $0.40 per share, and showing a decline from $0.49 per share a year ago, indicating a -10% earnings surprise [1][2] Financial Performance - The company posted revenues of $70.93 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 2.61%, and up from $54.21 million year-over-year [2] - Over the last four quarters, BlackRock TCP has not surpassed consensus EPS estimates [2] Stock Performance - BlackRock TCP shares have declined approximately 32.4% since the beginning of the year, contrasting with the S&P 500's gain of 21.2% [3] Future Outlook - The company's earnings outlook will be crucial for investors, particularly in light of recent earnings expectations and revisions [4] - Current consensus EPS estimate for the upcoming quarter is $0.40 on revenues of $67.94 million, and for the current fiscal year, it is $1.66 on revenues of $264.32 million [7] Industry Context - The Financial - SBIC & Commercial Industry, to which BlackRock TCP belongs, is currently ranked in the bottom 27% of over 250 Zacks industries, indicating potential challenges for stock performance [8]