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180 Degree Capital Corp (TURN)
NASDAQ:TURN
Holding TURN?
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Earnings Data
Report Date
Mar 03, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
-1.2Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 29, 2018
|% Change Since: 21.41%
|Next Earnings Date:Oct 29, 2018
Earnings Call Sentiment|Neutral
The earnings call highlighted significant opportunities for small-cap stock investments and notable successes such as Potbelly's performance and Arena's profitability. However, it also addressed challenges like the underperformance of recent years and specific stock declines due to transient issues.Company Guidance
During the Q3 2024 earnings call for 180 Degree Capital Corp., executives Kevin Rendino and Daniel Wolfe provided guidance on several key metrics. They highlighted the positive performance of the Russell Microcap Index, which doubled the performance of the S&P 500 following recent economic and political developments. The company reduced its annual operating expenses from $6.5 million to approximately $3 million and moved to a more cost-effective office space. Despite not paying performance bonuses for the past two years due to unmet value creation goals, the management team emphasized its alignment with shareholders, collectively owning 13% of the company. Specific portfolio updates included Potbelly's strong metrics and stock performance, Synchronoss's solid Q3 results with revenue and EBITDA guidance increase, and Brightcove's robust financial standing. They also discussed strategic evaluations and capital base expansion efforts to enhance shareholder value and narrow the discount to net asset value.Small-Cap Stock Performance and Opportunities
The Russell Microcap Index has doubled the performance of the S&P 500 following rate cuts and election clarity, indicating significant opportunities for small-cap stocks.
Cost Reduction Initiatives
180 Degree Capital reduced operating expenses from $6.5 million to approximately $3 million, relocated offices to save costs, and changed regulatory structure to cut auditing and compliance costs.
Potbelly's Strong Performance
Potbelly reported a beat on all metrics and provided a positive outlook for 2025, resulting in a stock price increase from $7 to close to $11.
Brightcove's Market Reaction
Brightcove reported strong performance, leading to a significant positive market reaction, attributed to its debt-free balance sheet and cash-generative business.
Arena's Profitable Quarter
Arena reported its first profitable quarter, leading to a 250% increase in stock price, with 180 Degree Capital owning approximately 1 million shares.
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TURN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TURN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 14, 2024 | $3.27 | $3.33 | +1.83% |
| Aug 19, 2024 | $3.36 | $3.38 | +0.60% |
| May 13, 2024 | $3.85 | $3.84 | -0.26% |
| Feb 20, 2024 | $4.30 | $4.23 | -1.63% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does 180 Degree Capital Corp (TURN) report earnings?
180 Degree Capital Corp (TURN) is schdueled to report earning on Mar 03, 2025, TBA Not Confirmed.
What is 180 Degree Capital Corp (TURN) earnings time?
180 Degree Capital Corp (TURN) earnings time is at Mar 03, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TURN EPS forecast?
Currently, no data Available
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