TriplePoint Venture Growth (TPVG) Beats Q3 Earnings and Revenue Estimates

Company Performance - TriplePoint Venture Growth (TPVG) reported quarterly earnings of $0.35 per share, exceeding the Zacks Consensus Estimate of $0.34 per share, but down from $0.54 per share a year ago, indicating a 35.19% year-over-year decline [1] - The company posted revenues of $26.52 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 3.39%, but down from $35.74 million year-over-year, reflecting a 25.5% decrease [2] - Over the last four quarters, TPVG has only surpassed consensus EPS estimates once and has topped consensus revenue estimates just once [2] Stock Performance - TPVG shares have declined approximately 40% since the beginning of the year, contrasting with the S&P 500's gain of 21.2% [3] - The current consensus EPS estimate for the upcoming quarter is $0.34 on revenues of $25.37 million, and for the current fiscal year, it is $1.40 on revenues of $107.39 million [7] Industry Outlook - The Financial - SBIC & Commercial Industry, to which TPVG belongs, is currently ranked in the bottom 27% of over 250 Zacks industries, suggesting potential challenges ahead [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact TPVG's stock performance [5]