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Gladstone Capital Corp (GLAD)
NASDAQ:GLAD
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Earnings Data
Report Date
Feb 05, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
$0.53Last Year’s EPS
$0.54Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 13, 2024
|% Change Since: 9.53%
|Next Earnings Date:Feb 05, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a strong performance with significant gains from key exits and an increase in net investment income. However, there are challenges with specific investments and a decline in total investment income. The company's active origination strategy and supplemental distribution suggest a positive outlook.Company Guidance
During the Gladstone Capital Corporation Q4 2024 earnings call, the management provided several key metrics and updates. For the last quarter, fundings were $29 million, with refinancing and amortizations totaling $13 million, resulting in net originations of $16 million. The total interest income increased marginally to $23.4 million, while total investment income declined by $2 million to $23.7 million due to a decrease in other income. Net investment income fell by 12% to $11 million. However, the portfolio saw a significant increase in realized and unrealized gains of $21 million, boosting the return on equity (ROE) to 21.5% over the last year. The net asset value (NAV) per share was reported at $21.18 as of September 30, 2024, with an expectation to be approximately $20.98 after accounting for subsequent events. The company plans to deliver a capital gains-based supplemental distribution of $0.40 per share in December, in addition to maintaining regular monthly distributions. Additionally, the company ended the quarter with a leverage ratio of 73% of NAV, indicating a conservative approach to leverage.Realized Gains and Supplemental Distribution
The company exited its investments in ARA, resulting in a debt investment of $31.3 million and equity proceeds of $63.7 million. A supplemental distribution of $0.40 per share is planned for December, with the balance supporting portfolio growth.
Strong Portfolio Performance
The portfolio appreciation led to realized and unrealized gains of $21 million, increasing the ROE to 21.5% for the last 12 months. The NAV per share increased to $21.18 as of September 30, up from $20.18 in the previous quarter.
Increased Originations Activity
The new deal buyout activity picked up significantly, with expectations for the most active quarter for originations, exceeding the proceeds received to date.
Net Investment Income Growth
Net investment income for the year rose by 12% to $46.1 million, providing ample coverage of the current common distribution.
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GLAD 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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GLAD Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 13, 2024 | $25.00 | $24.88 | -0.48% |
| Aug 07, 2024 | $21.24 | $21.52 | +1.32% |
| May 01, 2024 | $19.99 | $20.31 | +1.60% |
| Feb 05, 2024 | $18.76 | $17.89 | -4.64% |
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 Gladstone Capital Corp (GLAD) report earnings?
Gladstone Capital Corp (GLAD) is schdueled to report earning on Feb 05, 2025, TBA Not Confirmed.
What is Gladstone Capital Corp (GLAD) earnings time?
Gladstone Capital Corp (GLAD) earnings time is at Feb 05, 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 GLAD EPS forecast?
GLAD EPS forecast for the fiscal quarter 2025 (Q1) is $0.53.
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