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Runway Growth Finance Corp (RWAY)
NASDAQ:RWAY
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Earnings Data
Report Date
Feb 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.42Last Year’s EPS
0.45Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 03, 2022
|% Change Since: 12.23%
|Next Earnings Date:Nov 04, 2021
Earnings Call Sentiment|Positive
The earnings call reflected a positive outlook with strong investment income, strategic acquisition plans, and stable portfolio performance. However, challenges such as nonaccrual loans and increased operating expenses were noted. The strategic acquisition by BC Partners is expected to enhance future growth and investment opportunities.Company Guidance
During the third quarter of 2024, Runway Growth Finance reported a steady performance with $75.3 million in funded loans from 2 new companies, 4 existing companies, and a joint venture, generating a total investment income of $36.7 million and net investment income of $15.9 million or $0.41 per share. The company maintained a stable weighted average portfolio risk rating at 2.48 and saw a slight increase in its loan-to-value ratio from 26.7% to 28.6%. The total investment portfolio had a fair value of approximately $1.07 billion, with 100% of the loan portfolio comprising floating rate assets, reflecting a weighted average annualized yield of 15.9%. Runway's net assets rose to $507.4 million, and NAV per share increased to $13.39. The company also announced a regular distribution of $0.40 per share for Q4 and a pause in its supplemental dividend program. Additionally, Runway Growth Capital entered into a definitive agreement to be acquired by BC Partners Credit, with expectations of enhanced capabilities and the potential for attractive risk-adjusted returns.Strong Investment Income
Runway Growth Finance delivered total investment income of $36.7 million and net investment income of $15.9 million in Q3 2024. The net investment income covered the base dividend for the quarter.
Strategic Acquisition by BC Partners
Runway Growth Capital entered into a definitive agreement to be acquired by BC Partners Credit, a strategic move expected to enhance investment capabilities and access to a broader range of investment opportunities.
Portfolio Expansion and Stability
Completed 2 investments with new companies and 5 with existing ones, totaling $75.3 million in funded loans. The portfolio risk rating remained stable, and the fair value of the investment portfolio increased to approximately $1.07 billion.
Continued Strong Credit Quality
The weighted average portfolio risk rating remained stable, indicating consistent credit quality across the portfolio.
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RWAY 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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RWAY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | $10.14 | $10.08 | -0.59% |
| Aug 08, 2024 | $10.34 | $9.65 | -6.67% |
| May 07, 2024 | $11.73 | $10.90 | -7.08% |
| Mar 07, 2024 | $11.95 | $10.23 | -14.39% |
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 Runway Growth Finance Corp (RWAY) report earnings?
Runway Growth Finance Corp (RWAY) is schdueled to report earning on Feb 27, 2025, TBA Not Confirmed.
What is Runway Growth Finance Corp (RWAY) earnings time?
Runway Growth Finance Corp (RWAY) earnings time is at Feb 27, 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 RWAY EPS forecast?
RWAY EPS forecast for the fiscal quarter 2024 (Q4) is 0.42.
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