GLAD Earnings Prediction
The chart below shows how GLAD performed 10 days before and after its earnings report, based on data from the past quarters. Typically, GLAD sees a +0.47% change in stock price 10 days leading up to the earnings, and a +1.49% change 10 days following the report. On the earnings day itself, the stock moves by -0.02%. This data can give you a slight idea of what to expect for the next quarter's release.
GLAD Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
32.44M
40.85%
-11.99%
Gross Margin
--
--
--
Operating Margin
77.39%
-0.10%
-4.32%
Net Margin
59.01%
14.36%
-7.98%
EPS
0.88
39.68%
-18.52%
No Data Available
GLAD Earnings Analysis
Gladstone Capital Corp Corporation (GLAD.O) Earnings Conference Call
Positive
Interest Income Decline: Total interest income for the quarter was $23.2 million, reflecting a decrease of $500,000 or 2.2%.
Investment Income Increase: Total investment income rose by $1.7 million or 7.1% to $25.7 million for the quarter.
Net Investment Income Increase: Net investment income for the quarter ended June 30 was $12.4 million, which was an increase of $1.6 million compared to the prior quarter.
Net Assets Increase: Net assets rose to $439 million from the prior quarter end, reflecting investment appreciation and undistributed earnings.
NAV Increase Analysis: NAV rose 2% from $19.80 per share as of March 31, adjusted for the one-for-two reverse stock split, to $20.18 per share as of June 30.
Negative
Interest Income Decline: Total interest income declined by $500,000 or 2.2% to $23.2 million due to a decrease in average earning assets.
Investment Portfolio Decline: The investment portfolio weighted average balance declined to $665 million, down $16 million or 2.3% compared to the prior quarter.
Net Investment Income Increase: Net investment income for the quarter ended June 30 was $12.4 million, which was an increase of $1.6 million, compared to the prior quarter, but still reflects challenges in the market.
Expense Increase Analysis: Total expenses rose by $100,000 quarter-over-quarter as net management fees increased by $300,000 with higher investment income and interest expenses declined by $200,000 from reduced bank borrowings.
Leverage Position Analysis: The company ended the quarter with a conservative leverage position at 77% of NAV, indicating potential challenges in capital management.
GLAD FAQs
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GLAD Earning Call Sentiment
Gladstone Capital (GLAD) Q3 2024 Earnings Conference Call Transcript
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GLAD.O
0.28%Positive
The earnings call summary shows mixed signals. While there are positive elements such as a conservative leverage position, supplemental distributions, and increased NAV, there are also concerns such as declining total investment income and net investment income. The Q&A reveals management's vague responses about DKI and a cautious approach to equity issuance. Despite some positive aspects like supplemental distributions and NAV growth, the overall sentiment remains neutral due to uncertainties in income and management's cautious tone.
