FSK Earnings Prediction
The chart below shows how FSK performed 10 days before and after its earnings report, based on data from the past quarters. Typically, FSK sees a +0.21% change in stock price 10 days leading up to the earnings, and a -1.22% change 10 days following the report. On the earnings day itself, the stock moves by +0.48%. This data can give you a slight idea of what to expect for the next quarter's release.
FSK Key Earning Data
FSK Earnings Analysis
Positive
Credit Quality Improvement: During 2024, FSK reduced non-accrual investments by 58%, improving credit quality and overall portfolio stability.
Capital Deployment Strategy: FSK deployed $4.7 billion of capital into new transactions, demonstrating disciplined origination despite market conditions.
Shareholder Distribution Achievement: The company achieved its distribution goal, providing shareholders with a total of $2.80 per share in distributions, including special distributions.
Strong Financial Stability: FSK maintained a strong balance sheet, issuing $1.3 billion in unsecured notes during the year to support financial stability.
Yield and Total Return: In 2024, FSK delivered a 12.1% yield on average net asset value and a total return of 23% to shareholders.
Net Investment Income Report: The company reported a net investment income of $0.61 per share and adjusted net investment income of $0.66 per share, aligning closely with guidance.
Investment Portfolio Overview: FSK's investment portfolio had a fair value of $13.5 billion, with a focus on senior secured investments, comprising 58% first lien loans.
Debt Investment Yield Analysis: The weighted average yield on accruing debt investments was 11%, indicating strong income generation despite a slight decrease from the previous quarter.
Available Liquidity Advantage: FSK's available liquidity stood at $4.8 billion, providing a competitive advantage for future investments.
Negative
Non-Accrual Investment Trends: Non-accrual investments increased to 3.7% on a cost basis and 2.2% on a fair value basis, compared to 3.8% and 1.7% respectively in the previous quarter, indicating a slight deterioration in credit quality.
Investment Income Decline: Total investment income decreased by $34 million quarter-over-quarter to $407 million, primarily due to a decline in base rates and delayed closings of new investments, which negatively impacted fee income.
Decline in Debt Yield: The weighted average yield on accruing debt investments decreased by 50 basis points to 11%, reflecting a decline in base rates and spread compression, which could affect future income generation.
Stable Operational Costs: Management fees decreased by only $1 million quarter-over-quarter, indicating that operational costs remain relatively stable despite declining income, which could pressure margins.
Net Asset Value Decline: The net asset value per share decreased from $23.82 to $23.64, reflecting a reduction in the overall value of the investment portfolio, which may concern investors about asset performance.
FSK FAQs
How does FSK typically perform around its earnings report dates?
FSK's stock performance around earnings reports can vary, but historical data shows specific patterns, such as a +0.21% change leading up to the report and a -1.22% change in the 10 days following the release.
Is FS KKR Capital Corp (FSK) Q4 2024 Earnings Call Summary positive or negative?
How can historical earnings data help predict future stock performance?
FSK Earning Call Sentiment
FS KKR Capital Corp (FSK) Q4 2024 Earnings Call Transcript
FSK.N
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