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Goldman Sachs BDC (GSBD)
NYSE:GSBD
Holding GSBD?
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Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.5Last Year’s EPS
$0.56Same Quarter Last Year
Moderate Sell
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: -2.59%
|Next Earnings Date:Feb 20, 2025
Earnings Call Sentiment|Positive
The earnings call presented a strong performance with significant growth in M&A activities and originations, effective portfolio recycling, and improved asset quality. However, it also highlighted challenges such as a slight decrease in net asset value, increased risk in certain investments, and reduced yields. Overall, the strengths slightly outweigh the weaknesses.Company Guidance
During the third quarter 2024 earnings call for Goldman Sachs BDC, Inc. (GSBD), key financial metrics and guidance were highlighted. The company reported a net investment income per share of $0.58 and a net asset value per share of $13.54, reflecting a 1% decrease from the previous quarter due to net realized and unrealized losses. The board declared a consistent dividend of $0.45 per share for the fourth quarter, marking the 39th consecutive quarter of such dividends. The gross originations for the quarter were approximately $376.6 million, and sales and repayment activity increased by 45% from the prior quarter, totaling $329 million. The weighted average yield on investments was 10.9%, while the portfolio's net debt-to-EBITDA ratio increased slightly to 6.3x. Additionally, investments on nonaccrual status decreased from 3.4% to 2.2% of the total portfolio at fair value, indicating improvement in asset quality. Looking ahead, GSBD anticipates continued M&A activity in 2025, supported by factors such as private equity dry powder and the broader Goldman Sachs platform capabilities.M&A Recovery and Increased Originations
M&A activities grew by 17.5% year-over-year in sponsor M&A volumes, bolstered by $1.4 trillion of private equity dry powder. GSBD's third quarter gross originations more than doubled year-over-year, marking the second largest deployment quarter since the integration into Goldman Sachs private credit platform.
Portfolio Sales and Repayment Activity
Sales and repayment activity increased by 45% from the prior quarter, totaling $329 million. 72% of repayments were from 2021 or older vintages, showing effective recycling efforts.
Decrease in Nonaccrual Investments
Investments on nonaccrual status decreased from 3.4% to 2.2% of the total investment portfolio at fair value, indicating improved asset quality.
Strong Financial Performance
Net investment income per share was $0.58, with a GAAP and adjusted after-tax net investment income of $68.2 million and $67.2 million, respectively. Total investment income increased to $110.4 million from $108.6 million in the previous quarter.
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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 |
|---|---|---|---|
| Nov 07, 2024 | $13.12 | $12.99 | -0.99% |
| Aug 08, 2024 | $13.94 | $13.27 | -4.81% |
| May 07, 2024 | $14.76 | $14.69 | -0.47% |
| Feb 28, 2024 | $14.17 | $13.72 | -3.18% |
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 Feb 20, 2025, TBA Not Confirmed.
What is Goldman Sachs BDC (GSBD) earnings time?
Goldman Sachs BDC (GSBD) earnings time is at Feb 20, 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 2024 (Q4) is $0.5.
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