Why Prospect Capital (PSEC) Stock Is Down Today

NEW YORK (TheStreet) -- Prospect Capital (PSEC) was falling -3.6% to $10.59 Tuesday after missing analysts' estimates for earnings for the fiscal fourth quarter.

For the fourth quarter the company reported earnings of 25 cents a share, missing the 32 cents a share estimate by analysts surveyed by Thomson Reuters by 7 cents. Revenue grew 9.8% year-over-year to $182.84 million for the quarter, missing analysts' estimates of $213.74 million for the quarter.

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TheStreet Ratings team rates PROSPECT CAPITAL CORP as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:

"We rate PROSPECT CAPITAL CORP (PSEC) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income, expanding profit margins, impressive record of earnings per share growth and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow."

You can view the full analysis from the report here: PSEC Ratings Report

PSEC Chart PSEC data by YCharts

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Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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