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WhiteHorse (WHF)
NASDAQ:WHF
Earnings Data
Report Date
May 13, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.33Last Year’s EPS
0.47Same Quarter Last Year
Moderate Sell
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 07, 2025
|% Change Since: -5.73%
|Next Earnings Date:May 13, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture of WhiteHorse Finance's performance. While the company maintained strong capital deployment and portfolio structure, along with stable distributions and cash resources, it faced challenges with a decline in NAV, increased nonaccrual investments, and reduced net investment income and yields.Company Guidance
During the WhiteHorse Finance Fourth Quarter 2024 Earnings Conference Call, the company provided detailed financial guidance and performance metrics. The Q4 GAAP net investment income (NII) and core NII were reported at $8 million or $0.34 per share, slightly below the Q3 figure of $9.2 million or $0.394 per share. The net asset value (NAV) per share decreased by approximately 3.6% quarter-over-quarter to $12.31, influenced by a $0.245 special dividend and $4.9 million in net realized losses and markdowns in the portfolio. Gross capital deployments amounted to $35.4 million, offset by total repayments and sales of $46.2 million, resulting in net repayments of $10.8 million. The portfolio's weighted average effective yield on income-producing debt investments decreased from 13.1% in Q3 to 12.5% in Q4. Nonaccrual investments rose to 7.2% of the debt portfolio, a reflection of challenges in specific investments like American Crafts and Aspect Software. The company continues to focus on non-sponsor markets due to attractive risk returns and less competition, expecting high repayment activity in 2025, while maintaining a solid pipeline with approximately 170 deals.Successful Capital Deployment
Gross capital deployments of $35.4 million in Q4, including six new originations totaling $27.4 million, and $8 million for add-ons to existing investments.
Strong Portfolio Structure
98.4% of the debt portfolio was first lien, senior, and secured, with a mix of approximately two-thirds sponsor and one-third non-sponsor.
Continued Distribution Stability
Declared a first-quarter distribution of $0.385 per share, maintaining consistency with previous quarters.
JV Portfolio Stability
The STR SJV's portfolio had an aggregate fair value of $295 million with an average effective yield of 11.1%.
Cash Resources and Credit Facility
Cash resources of $27.8 million at the end of Q4, with approximately $173 million of undrawn capacity available under a revolving credit facility.
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WHF 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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WHF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 07, 2025 | $10.12 | $9.66 | -4.55% |
| Nov 07, 2024 | $10.84 | $10.75 | -0.83% |
| Aug 08, 2024 | $10.33 | $9.90 | -4.16% |
| May 08, 2024 | $10.88 | $11.20 | +2.94% |
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 WhiteHorse (WHF) report earnings?
WhiteHorse (WHF) is schdueled to report earning on May 13, 2025, TBA Not Confirmed.
What is WhiteHorse (WHF) earnings time?
WhiteHorse (WHF) earnings time is at May 13, 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 WHF EPS forecast?
WHF EPS forecast for the fiscal quarter 2025 (Q1) is 0.33.
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