Crescent Capital BDC Inc reports results for the quarter ended June 30 - Earnings Summary

• Crescent Capital BDC Inc CCAP.OQ reported quarterly adjusted earnings of 46 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 59 cents. The mean expectation of six analysts for the quarter was for earnings of 47 cents per share. Wall Street expected results to range from 45 cents to 51 cents per share.

• Revenue fell 12.2% to $42.99 million from a year ago; analysts expected $42.52 million.

• Crescent Capital BDC Inc's reported EPS for the quarter was 41 cents​.

• The company reported quarterly net income of $15.01 million.

• Crescent Capital BDC Inc shares had risen by 3.5% this quarter and lost 23.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 8.7% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the closed end funds peer group is also "buy"

• Wall Street's median 12-month price target for Crescent Capital BDC Inc is $17.00, about 14.1% above its last closing price of $14.60

This summary was machine generated from LSEG data August 13 at 09:00 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)