Business development company Oaktree Specialty Lending (NASDAQ: OCSL) will be reporting earnings this Tuesday before market open. Here’s what investors should know.
Oaktree Specialty Lending met analysts’ revenue expectations last quarter, reporting revenues of $75.1 million, down 13.3% year on year. It was a strong quarter for the company, with a beat of analysts’ EPS estimates.
Is Oaktree Specialty Lending a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Oaktree Specialty Lending’s revenue to decline 3.3% year on year, improving from the 17.5% decrease it recorded in the same quarter last year.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings.
Looking at Oaktree Specialty Lending’s peers in the financial services segment, some have already reported their Q1 results, giving us a hint as to what we can expect. PROG delivered year-on-year revenue growth of 11.1%, meeting analysts’ expectations, and Euronet Worldwide reported revenues up 10.5%, topping estimates by 4.3%. PROG traded up 24.1% following the results while Euronet Worldwide was down 4.4%.
Read our full analysis of PROG’s results here and Euronet Worldwide’s results here.
There has been positive sentiment among investors in the financial services segment, with share prices up 8.8% on average over the last month. Oaktree Specialty Lending is up 10.8% during the same time and is heading into earnings with an average analyst price target of $12.77 (compared to the current share price of $12.85).
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