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What's in Store for Solar Senior Capital's (SUNS) Q3 Earnings?
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Solar Senior Capital Ltd. is scheduled to report third-quarter 2020 results on Nov 5, after market close. The company’s revenues and earnings are expected to have witnessed a decline in the quarter on a year-over-year basis.
In the last reported quarter, the company’s earnings surpassed the Zacks Consensus Estimate. Results reflected a decline in total investment income as well as lower expenses.
The company has an impressive earnings surprise history. Its earnings surpassed estimates in three and matched in one of the trailing four quarters, the average beat being 5.5%.
However, its activities during the third quarter were not adequate to win analysts’ confidence. As a result, the Zacks Consensus Estimate for the company’s third-quarter earnings of 30 cents has been unchanged over the past seven days. The figure indicates a year-over-year decline of 14.3%.
The consensus estimate for sales is pegged at $8.07 billion, which reflects a 22.4% decline from the year-ago period.
Key Estimates for Q3
The Zacks Consensus Estimate for interest income for companies less than 5% owned is pegged at $5.94 million, suggesting a 5.1% rise sequentially.
Likewise, the consensus estimate for dividends for companies more than 25% owned is pegged at $2.13 million, indicating no change from the previous quarter’s reported number.
Here is what our quantitative model predicts:
According to our quantitative model, it cannot be conclusively predicted whether Solar Senior Capital will be able to beat estimates this time. This is because it does not have the right combination of the two key ingredients — a positive Earnings ESP and Zacks Rank #3 (Hold) or higher — for increasing the odds of an earnings beat.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Earnings ESP: The Earnings ESP for Solar Senior Capital is 0.00%.
Zacks Rank: The company currently carries a Zacks Rank of 3. While this increases the predictive power of ESP, we also need a positive ESP to be confident of an earnings beat.
Among other finance stocks, LendingTree, Inc. (TREE - Free Report) , Ellington Financial LLC (EFC - Free Report) and Main Street Capital Corporation (MAIN - Free Report) are also slated to release results on Nov 5.
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What's in Store for Solar Senior Capital's (SUNS) Q3 Earnings?
Solar Senior Capital Ltd. is scheduled to report third-quarter 2020 results on Nov 5, after market close. The company’s revenues and earnings are expected to have witnessed a decline in the quarter on a year-over-year basis.
In the last reported quarter, the company’s earnings surpassed the Zacks Consensus Estimate. Results reflected a decline in total investment income as well as lower expenses.
The company has an impressive earnings surprise history. Its earnings surpassed estimates in three and matched in one of the trailing four quarters, the average beat being 5.5%.
Solar Senior Capital Ltd. Price and EPS Surprise
Solar Senior Capital Ltd. price-eps-surprise | Solar Senior Capital Ltd. Quote
However, its activities during the third quarter were not adequate to win analysts’ confidence. As a result, the Zacks Consensus Estimate for the company’s third-quarter earnings of 30 cents has been unchanged over the past seven days. The figure indicates a year-over-year decline of 14.3%.
The consensus estimate for sales is pegged at $8.07 billion, which reflects a 22.4% decline from the year-ago period.
Key Estimates for Q3
The Zacks Consensus Estimate for interest income for companies less than 5% owned is pegged at $5.94 million, suggesting a 5.1% rise sequentially.
Likewise, the consensus estimate for dividends for companies more than 25% owned is pegged at $2.13 million, indicating no change from the previous quarter’s reported number.
Here is what our quantitative model predicts:
According to our quantitative model, it cannot be conclusively predicted whether Solar Senior Capital will be able to beat estimates this time. This is because it does not have the right combination of the two key ingredients — a positive Earnings ESP and Zacks Rank #3 (Hold) or higher — for increasing the odds of an earnings beat.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Earnings ESP: The Earnings ESP for Solar Senior Capital is 0.00%.
Zacks Rank: The company currently carries a Zacks Rank of 3. While this increases the predictive power of ESP, we also need a positive ESP to be confident of an earnings beat.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Among other finance stocks, LendingTree, Inc. (TREE - Free Report) , Ellington Financial LLC (EFC - Free Report) and Main Street Capital Corporation (MAIN - Free Report) are also slated to release results on Nov 5.
Legal Marijuana: An Investor’s Dream
Imagine getting in early on a young industry primed to skyrocket from $17.7 billion in 2019 to an expected $73.6 billion by 2027.
Although marijuana stocks did better as the pandemic took hold than the market as a whole, they’ve been pushed down. This is exactly the right time to get in on selected strong companies at a fraction of their value before COVID struck. Zacks’ Special Report, Marijuana Moneymakers, reveals 10 exciting tickers for urgent consideration.
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