Oaktree Specialty Lending (OCSL) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
Oaktree Specialty Lending (OCSL) reported $94.03 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 2.4%. EPS of $0.56 for the same period compares to $0.62 a year ago.
The reported revenue represents a surprise of -5.65% over the Zacks Consensus Estimate of $99.66 million. With the consensus EPS estimate being $0.57, the EPS surprise was -1.75%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Oaktree Specialty Lending performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Total fee income: $2.55 million compared to the $1.67 million average estimate based on three analysts.
Total dividend income: $1.41 million compared to the $1.33 million average estimate based on three analysts.
PIK interest income- Non-control/Non-affiliate investments: $4.82 million versus $4.46 million estimated by two analysts on average.
Total interest income: $85.26 million versus the two-analyst average estimate of $94.12 million.
View all Key Company Metrics for Oaktree Specialty Lending here>>>
Shares of Oaktree Specialty Lending have returned +2.9% over the past month versus the Zacks S&P 500 composite's -2.5% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Oaktree Specialty Lending Corp. (OCSL) : Free Stock Analysis Report