Golub Capital BDC Q1 adjusted net income misses estimates

Reuters02-05
<a href="https://laohu8.com/S/GBDC">Golub Capital BDC</a> Q1 adjusted net income misses estimates

Overview

  • Business development company's fiscal Q1 adjusted net income missed analyst expectations

  • Earnings per share for fiscal Q1 decreased compared to the previous quarter

  • Company declared quarterly distribution of $0.33 per share, down from $0.39

Result Drivers

  • PORTFOLIO PERFORMANCE - Unrealized depreciation and realized loss due to underperformance of certain portfolio companies and restructuring of a portfolio company investment

  • DISTRIBUTION REDUCTION - Quarterly distribution reduced from $0.39 to $0.33 per share reflecting outlook on rates, asset spreads, and financing costs

  • SHARE REPURCHASE - Company repurchased shares in response to market volatility, impacting financial metrics

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q1 EPS

$0.25

Q1 Adjusted Net Income

Miss

$65.20 mln

$94.38 mln (6 Analysts)

Q1 Net Asset Value Per Share

$14.84

Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the investment management & fund operators peer group is "hold."

  • Wall Street's median 12-month price target for Golub Capital BDC Inc is $15.00, about 17.3% above its February 3 closing price of $12.79

  • The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release: ID:nBwbyC7Cna

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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