Palmer Square Capital BDC Inc. (PSBD) Misses Q1 Earnings and Revenue Estimates

Financial Performance - Palmer Square Capital BDC Inc. reported quarterly earnings of $0.40 per share, missing the Zacks Consensus Estimate of $0.44 per share, and down from $0.52 per share a year ago, representing an earnings surprise of -9.09% [1] - The company posted revenues of $31.21 million for the quarter ended March 2025, missing the Zacks Consensus Estimate by 3.95%, and down from $34.79 million year-over-year [2] - Over the last four quarters, the company has not surpassed consensus EPS estimates and has topped consensus revenue estimates only twice [2] Stock Performance - Shares of Palmer Square Capital BDC Inc. have lost about 16.4% since the beginning of the year, compared to a decline of -4.7% for the S&P 500 [3] - The current consensus EPS estimate for the coming quarter is $0.43 on revenues of $32.01 million, and for the current fiscal year, it is $1.75 on revenues of $128.35 million [7] Industry Outlook - The Financial - SBIC & Commercial Industry, to which Palmer Square Capital BDC Inc. belongs, is currently in the bottom 37% 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, suggesting that the company's stock performance may be influenced by these revisions [5]