Monroe Capital (MRCC) Tops Q3 Earnings and Revenue Estimates

Core Viewpoint - Monroe Capital (MRCC) reported quarterly earnings of $0.31 per share, exceeding the Zacks Consensus Estimate of$ 0.29 per share, and showing an increase from $0.25 per share a year ago, indicating a positive earnings surprise of 6.90% [1] Financial Performance - The company achieved revenues of$ 15.7 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 3.25%, although this is a slight decrease from $15.64 million in the same quarter last year [2] - Over the last four quarters, Monroe Capital has exceeded consensus EPS estimates two times and revenue estimates two times [2] Stock Performance - Since the beginning of the year, Monroe Capital shares have increased by approximately 14.8%, while the S&P 500 has gained 25.8%, indicating underperformance relative to the broader market [3] - The current Zacks Rank for Monroe Capital is 3 (Hold), suggesting that the stock is expected to perform in line with the market in the near future [6] Earnings Outlook - The consensus EPS estimate for the upcoming quarter is$ 0.29 on revenues of $14.83 million, and for the current fiscal year, it is$ 1.12 on revenues of $60.84 million [7] - The trend of estimate revisions for Monroe Capital is mixed, which may change following the recent earnings report [6] Industry Context - The Financial - Investment Management industry, to which Monroe Capital belongs, is currently ranked in the top 10% of over 250 Zacks industries, suggesting a favorable outlook for stocks in this sector [8]