BlackRock TCP (TCPC) Tops Q1 Earnings Estimates

Financial Performance - BlackRock TCP reported quarterly earnings of $0.36 per share, exceeding the Zacks Consensus Estimate of $0.34 per share, but down from $0.45 per share a year ago, representing an earnings surprise of 5.88% [1] - The company posted revenues of $55.89 million for the quarter ended March 2025, missing the Zacks Consensus Estimate by 1.79%, compared to revenues of $55.73 million a year ago [2] - Over the last four quarters, BlackRock TCP has surpassed consensus EPS estimates two times and topped consensus revenue estimates two times [2] Stock Performance - BlackRock TCP shares have declined approximately 24.1% since the beginning of the year, while the S&P 500 has decreased by 4.3% [3] - The current consensus EPS estimate for the upcoming quarter is $0.34 on revenues of $56.81 million, and for the current fiscal year, it is $1.35 on revenues of $227.9 million [7] Industry Outlook - The Financial - SBIC & Commercial Industry, to which BlackRock TCP belongs, is currently ranked in the bottom 28% of over 250 Zacks industries, indicating potential challenges for stock performance [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact investor sentiment [5]