Jernigan Capital Reports Fourth Quarter Results; Introduces 2020 Guidance
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Jernigan Capital (JCAP) Misses Q4 EPS by 1c, Revenues Beat; Offers Q1 & FY20 EPS/Revenue Guidance Above Consensus
February 26, 2020 5:15 PM ESTJernigan Capital (NYSE: JCAP) reported Q4 EPS of $0.06, $0.01 worse than the analyst estimate of $0.07. Revenue for the quarter came in at $12.13 million versus the consensus estimate of $10.01 million.
2019 was an outstanding year for the Company, stated John Good, Chairman and Chief Executive Officer. During the fourth quarter, we executed a definitive agreement for our internalization, subsequently closed on February 20, 2020, on terms that our board of directors strongly believed to be in the best interests of our stockholders and which were, in fact, very well received by our stockholders. We continued to strongly execute the... More
