Sixth Street Specialty Lending IncSixth Street Specialty Lending reported Q1 revenues down 19.7% and missed estimates by 9.3%, the weakest among peers; stock fell 16.9%.
Sixth Street Specialty Lending reported first-quarter revenues of $93.4 million, down 19.7% year on year and missing analyst estimates by 9.3%, making it the weakest performer among nine tracked specialty finance stocks. The group overall beat revenue consensus by 2.1% but saw average share prices decline 1.5% since reporting. Encore Capital Group led with revenues of $475.4 million, up 21% and beating estimates by 6.5%, while HA Sustainable Infrastructure Capital posted the fastest revenue growth at 31.3% and the largest beat at 43.8%. PROG Holdings met revenue expectations with $742.7 million, up 11.1%, and raised full-year EPS guidance above estimates, sending its stock up 34.3%. Sixth Street Specialty Lending's stock fell 16.9% since its report, the steepest decline among peers.
Sixth Street Specialty Lending IncSixth Street Specialty Lending reported Q1 revenues down 19.7% and missed estimates by 9.3%, the weakest among peers; stock fell 16.9%.
Encore Capital Group IncEncore Capital Group reported strong Q1 revenues of $475.4M, up 21% and beating estimates by 6.5%.
Main Street Capital Corporation
PROG Holdings IncPROG Holdings met revenue expectations and raised full-year EPS guidance above estimates, sending its stock up 34.3%.
Hannon Armstrong Sustainable Infrastructure Capital IncHA Sustainable Infrastructure Capital posted the fastest revenue growth at 31.3% and the largest beat at 43.8%.