FDUS Earnings Prediction
The chart below shows how FDUS performed 10 days before and after its earnings report, based on data from the past quarters. Typically, FDUS sees a -1.90% change in stock price 10 days leading up to the earnings, and a +0.97% change 10 days following the report. On the earnings day itself, the stock moves by -0.36%. This data can give you a slight idea of what to expect for the next quarter's release.
FDUS Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
33.45M
-20.13%
-24.65%
Gross Margin
--
--
--
Operating Margin
50.96%
-12.39%
-12.36%
Net Margin
49.26%
-15.10%
-9.27%
EPS
0.49
-46.15%
-34.67%
No Data Available
FDUS Earnings Analysis
Fidus Investment Corp. Corporation (FDUS.O) Earnings Conference Call
Positive
Debt Portfolio Growth: Our debt portfolio has grown 20% over the past 12 months, generating record interest income of $33.7 million.
Net Asset Value Increase: At quarter end, net asset value stood at $658.8 million, 11.8% higher than net asset value of $589.5 million as of December 31, 2023.
Quarterly Investment Income Growth: Adjusted net investment income for the quarter grew 12.3% to $20.4 million compared to $18.2 million last year, primarily reflecting higher interest and fee income.
Dividend Distribution Details: We paid a total dividend to shareholders of $0.57 per share, consisting of a base dividend of $0.43 per share and a supplemental dividend of $0.14 per share.
Healthy Portfolio Overview: Our portfolio remains healthy with sound credit quality and a well-positioned equity portfolio.
Negative
Net Asset Value Increase: The company's net asset value stood at $658.8 million, which is 11.8% higher than the net asset value of $589.5 million as of December 31, 2023, indicating a significant increase but not necessarily reflecting operational success.
Quarterly Investment Income Growth: Adjusted net investment income for the quarter grew 12.3% to $20.4 million compared to $18.2 million last year, primarily reflecting higher interest and fee income, which may not be sustainable.
Adjusted Net Investment Income: On a per share basis, adjusted net investment income was $0.61 per share compared to $0.68 per share for the same period last year, indicating a decline in profitability per share.
Expense Management Challenges: Total expenses including income tax provision were $17 million for the third quarter, $1.7 million lower than Q2 driven primarily by a $2.4 million decrease in the capital gains fee accrual offset by a $0.1 million increase in base management fees and a $0.5 million increase in income incentive fees, suggesting cost management challenges.
Debt Structure Overview: The company ended the quarter with $479 million of debt outstanding, which includes $175 million of SBA debentures, $250 million of unsecured notes, and $40 million outstanding on the line of credit, indicating a high level of leverage.
FDUS FAQs
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FDUS Earning Call Sentiment
Fidus Investment (FDUS) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
FDUS.O
-0.26%Positive
The earnings call highlights strong financial metrics, with increased interest income, net asset value, and net investment income. The declaration of higher dividends and a conservative debt-to-equity ratio adds to positive sentiment. The Q&A section indicates stable credit quality, despite some underperformance. However, management's cautious tone on early-stage opportunities and spread compression is noteworthy. The overall sentiment remains positive, driven by strong financial performance and shareholder returns, suggesting a potential stock price increase of 2% to 8% over the next two weeks.
