WhiteHorse Finance (WHF) Q3 Earnings and Revenues Miss Estimates

Company Performance - WhiteHorse Finance (WHF) reported quarterly earnings of $0.39 per share, missing the Zacks Consensus Estimate of$ 0.42 per share, and down from $0.46 per share a year ago, representing an earnings surprise of -7.14% [1] - The company posted revenues of$ 22.85 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 0.95%, and down from $25.87 million year-over-year [2] - Over the last four quarters, WhiteHorse has surpassed consensus EPS estimates just once and topped consensus revenue estimates two times [2] Market Comparison - WhiteHorse shares have lost about 4.9% since the beginning of the year, while the S&P 500 has gained 24.3% [3] - The current consensus EPS estimate for the coming quarter is$ 0.41 on revenues of $23.34 million, and for the current fiscal year, it is$ 1.70 on revenues of $95.37 million [7] Industry Outlook - The Financial - SBIC & Commercial Industry, to which WhiteHorse belongs, is currently in the bottom 27% of over 250 Zacks industries, indicating potential challenges ahead [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact stock performance [5][6]