Benzinga | Nov 15, 2021 11:22AM EST

Earnings Outlook For Eagle Point Credit Co

Eagle Point Credit Co (NYSE:ECC) is set to give its latest quarterly earnings report on Tuesday, 2021-11-16. Here's what investors need to know before the announcement.

Analysts estimate that Eagle Point Credit Co will likely report an Earnings Per Share (EPS) of $0.34

Eagle Point Credit Co bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Past Earnings Performance

Last quarter the company beat on EPS by 6.67%.

Here's a look at Eagle Point Credit Co's past performance and the resulting price change:



Quarter Q2 2021 Q1 2021 Q4 2020 Q3 2020EPS Estimate 0.30 0.26 0.29 0.26EPS Actual 0.32 0.28 0.24 0.23Price Change % 0.0% -1.82% 1.83% 1.9%

Stock Performance

Shares of Eagle Point Credit Co were trading at $14.35 as of November 12. Over the last 52-week period, shares are up 71.52%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.

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