FSCO Earnings Prediction
The chart below shows how FSCO performed 10 days before and after its earnings report, based on data from the past quarters. Typically, FSCO sees a -0.67% change in stock price 10 days leading up to the earnings, and a +0.05% change 10 days following the report. On the earnings day itself, the stock moves by +0.64%. This data can give you a slight idea of what to expect for the next quarter's release.
FSCO Key Earning Data
2024/Q4
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FSCO Earnings Analysis
FS Credit Opportunities Corp. Corporation (FSCO.N) Earnings Conference Call
Positive
Quarterly Net Return: The Fund delivered a net return of 3.35% based on NAV during the third quarter of 2024.
Fund Performance Overview: Year-to-date, as of September 30th, 2024, the Fund generated a net return of 12.31% based on NAV, outperforming high yield bonds by approximately 430 basis points and loans by 580 basis points.
Quarterly Distribution Overview: The Fund paid distributions of $0.18 per share in the third quarter, with an annualized distribution yield of 10.3% based on NAV and 11.1% based on the stock price as of November 22, 2024.
Shareholder Total Return: FSC's shareholders earned a total return of 2.6% in the third quarter of 2024 and 27.4% year-to-date as of November 22, 2024.
Discount Narrowing Trend: The Fund's common shares traded at a discount to its net asset value, which narrowed significantly in 2023 and continued in 2024, reflecting the Fund's strong performance.
Negative
Net Return Performance: The Fund delivered a net return of 3.35% based on NAV, which is lower than expected performance metrics.
Concentration of Performance: The top ten contributors accounted for 49% of the total realized and unrealized appreciation during the quarter, indicating a lack of diversification in performance.
Fund Performance Analysis: Year-to-date, as of September 30th, 2024, the Fund generated a net return of 12.31%, underperforming high yield bonds by approximately 430 basis points and loans by 580 basis points.
Distribution Yield Decline: The Fund's annualized distribution yield was 10.3% based on NAV and 11.1% based on the stock price, reflecting a decline in investor confidence and market conditions.
Discount Narrowing Indicators: The discount at which the Fund's common shares traded relative to its net asset value narrowed significantly in 2023, indicating potential liquidity issues.
FSCO FAQs
How does FSCO typically perform around its earnings report dates?
Is FS Credit Opportunities Corp. (FSCO) Q3 2024 Earnings Call Summary positive or negative?
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FSCO Earning Call Sentiment
FS Credit Opportunities Corp. (FSCO) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
FSCO.N
0.71%Positive
The earnings call highlights strong financial performance with a 12.31% YTD return and a robust distribution yield. However, concerns about economic volatility, increased loan defaults, and weak covenants pose risks. The Q&A section provided no additional insights. While financial metrics are strong, the lack of guidance on mitigating economic risks and uncertainties tempers optimism. Given the market cap, the stock is likely to remain stable, leading to a neutral prediction.
