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Goldman Sachs BDC (GSBD)
NYSE:GSBD
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.42Last Year’s EPS
0.55Same Quarter Last Year
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 27, 2025
|% Change Since: -3.97%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong performance in the direct lending platform and a strategic shift towards first-lien investments. The company showed resilience with adjustments in dividend policies while maintaining a shareholder-friendly approach. However, challenges such as a decrease in NAV, a reduction in yield, and an increase in PIK income indicate some underlying issues. Overall, the positives slightly outweigh the negatives, indicating a cautiously optimistic outlook.Company Guidance
During the Goldman Sachs BDC, Inc. fourth quarter and fiscal year-end 2024 earnings call, the company provided several key metrics and strategic updates. The Direct Lending Americas platform committed approximately $13 billion and deployed $10.8 billion in 2024, more than doubling the activity from 2023. The portfolio saw a shift towards first-lien positions, increasing from 89.4% in December 2021 to 96.3% by year-end 2024. The net investment income per share for the fourth quarter was $0.48, with a net asset value of $13.41 per share, reflecting a 1% decrease from the previous quarter. The board approved a new dividend structure, resetting the quarterly dividend to $0.32 per share with supplemental variable distributions and special dividends planned. The portfolio's total investments at fair value reached $3.48 billion, with a weighted average yield of 10.1% at amortized cost. The company ended the quarter with a net debt to equity ratio of 1.17 times, below the target leverage of 1.25 times. The portfolio's weighted average net debt to EBITDA decreased slightly to 6.2 times, and non-accrual status investments decreased to 2% of the total portfolio at fair value.Strong Direct Lending Platform Performance
The Direct Lending Americas platform committed approximately $13 billion and deployed $10.8 billion in 2024, more than double the activity in 2023.
Increase in First-Lien Positions
The percentage of first-lien positions in the portfolio increased from 89.4% in December 2021 to 96.3% at year-end 2024.
High New Investment Commitments
GSBD committed $1.3 billion in new investments in 2024, three times more than the $423 million in 2023.
Dividend Adjustments and Special Dividends
Introduction of a base quarterly dividend of $0.32 per share and supplemental variable distributions. Special dividends of $0.16 per share for the next three quarters.
Improvement in Non-Accrual Investments
Investments on non-accrual status decreased to 2% of the total investment portfolio at fair value from 2.2%.
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GSBD 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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GSBD Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 27, 2025 | $12.84 | $13.04 | +1.56% |
| Nov 07, 2024 | $12.65 | $12.53 | -0.95% |
| Aug 08, 2024 | $13.45 | $12.80 | -4.83% |
| May 07, 2024 | $14.24 | $14.17 | -0.49% |
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 Goldman Sachs BDC (GSBD) report earnings?
Goldman Sachs BDC (GSBD) is schdueled to report earning on May 01, 2025, TBA Not Confirmed.
What is Goldman Sachs BDC (GSBD) earnings time?
Goldman Sachs BDC (GSBD) earnings time is at May 01, 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 GSBD EPS forecast?
GSBD EPS forecast for the fiscal quarter 2025 (Q1) is 0.42.
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