What drove CION's significant EPS beat in Q1 2024?

CION Investment Corp. (CION) did not experience a significant EPS beat in Q1 2024 based on the available data. In fact, CION reported an EPS surprise of -0.25 for Q4 2024, which indicates that the company's actual EPS was below market expectations.

|code|Ticker|Name|Date|EPS Surprise|Diluted EPS|market_code|
|---|---|---|---|---|---|---|
|CION|CION.N|CION Investment|2024 Q1|0.18|0.12|169|
|CION|CION.N|CION Investment|2024 Q2|0.03|0.42|169|
|CION|CION.N|CION Investment|2024 Q3|0.02|-0.01|169|
|CION|CION.N|CION Investment|2024 Q4|-0.25||169|

However, CION's net investment income did show a positive trend despite a slight decline. The company's total investment income grew to $60 million, up from $55.50 million in the previous year. This increase, along with a stable dividend distribution plan, might have been enough to maintain investor confidence and support the stock's performance within the market.

It's important to note that while CION's EPS did not beat expectations in Q1 2024, the company's long-term growth prospects remain positive, as evidenced by its impressive performance in 2023 and its potential to benefit from the sector trends.