CION Investment Corporation reported quarterly earnings of $0.74 per share, surpassing expectations of $0.35 per share and higher than $0.4 per share a year ago. This represents an earnings surprise of +111.43%. The company has exceeded consensus EPS estimates two times in the last four quarters.

Revenues for CION Investment Corporation reached $78.71 million for the quarter, beating estimates by 49.73% and up from $59.63 million a year ago. The company has topped consensus revenue estimates two times in the last four quarters. The stock has declined 20% this year compared to the S&P 500’s gain of 15.6%.

Investors are curious about CION Investment Corporation’s future performance. Earnings outlook and estimate revisions are essential factors to consider. The Zacks Rank provides insight into earnings estimate revisions, which strongly correlate with stock movements.

WhiteHorse Finance, another company in the same industry, is yet to report its quarterly results. Expected earnings of $0.29 per share represent a -25.6% year-over-year change, with revenues expected to decline by 19.4% from the year-ago quarter. Estimate revisions trend is mixed for WhiteHorse Finance.

Read more at Yahoo Finance: CION Investment Corporation (CION) Beats Q3 Earnings and Revenue Estimates