Oaktree Specialty Lending Corporation (OCSL)

Oaktree Specialty Lending Corporation (OCSL) stock dropped by 7.84% due to its quarterly earnings report, which was the combination of lower-than-expected earnings, missing revenue estimates, and a history of failing to meet consensus EPS expectations over the past year.

• Q4 Earnings Overview: In its quarterly earnings report, Oaktree Specialty Lending (OCSL) reported earnings of $0.57 per share, falling short of the Zacks Consensus Estimate of $0.61 per share. This represented a decline from the earnings of $0.61 per share reported in the same period the previous year. The earnings figures were adjusted for non-recurring items.
• Earnings Surprise and Consistency: The reported quarterly earnings marked an earnings surprise of -6.56%. In the previous quarter, the market had anticipated earnings of $0.63 per share, but the company delivered earnings of $0.62 per share, resulting in a surprise of -1.59%. Over the last four quarters, Oaktree Specialty Lending has consistently fallen short of consensus EPS estimates.
• Revenue and Consensus Estimates: The company reported revenues of $97.99 million for the quarter ending December 2023, missing the Zacks Consensus Estimate by 1.51%. This figure represented a substantial increase from the year-ago revenues of $69.98 million. Notably, Oaktree Specialty Lending managed to surpass consensus revenue estimates in two out of the last four quarters.