Harvest Capital Credit Corporation (NASDAQ:HCAP) provider customized financial services, is expected to report third quarter earnings results, before market open, on Friday 6th November 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.03 per share.
Looking ahead, the full year income are expected at $ 0.27 per share on the revenues of $ 10.77 million.
Previous Quarter Performance
Harvest Capital Credit Corporation recorded income for the second quarter of $ 0.03 per share, from the revenue of $ 2.59 million. The quarterly earnings decreased 78.57 percent compared with the same quarter last year. The consensus estimates are income of $ 0.13 per share from $ 3.06 million in revenue. The bottom line results missed street analysts by $ 0.1 or 76.92 percent, at the same time, top line results fell short of analysts by $ 0.47 million or 15.36 percent.
Stock Performance
Shares of Harvest Capital Credit Corporation traded up $ 0.30 or 9.87 percent on Thursday, reaching $ 3.34 with volume of 28.30 thousand shares. Harvest Capital Credit Corporation has traded high as $ 3.34 and has cracked $ 3.00 on the downward trend
According to the previous trading day, closing price of $ 3.34, representing a 14.29 % increase from the 52 week low of $ 2.66 and a 67.76 % decrease over the 52 week high of $ 9.43.
The company has a market capital of $ 19.90 million and is part of the Financial Services sector and Asset Management industry.
Conference Call
Harvest Capital Credit Corporation will be hosting a conference call at 11:00 AM eastern time on 6th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.harvestcapitalcredit.com
Harvest Capital Credit Corporation is a business development company providing structured credit to small businesses and specializing in leveraged buyouts, add-on acquisitions, recapitalizations, growth financings and debt refinancing investments. It prefers to invest in North America-based companies. The firm invest in multiple layers of a companys capital structure, from senior secured debt to subordinated debt and minority equity capital.
