HTGC Earnings Prediction
The chart below shows how HTGC performed 10 days before and after its earnings report, based on data from the past quarters. Typically, HTGC sees a -1.90% change in stock price 10 days leading up to the earnings, and a +0.95% change 10 days following the report. On the earnings day itself, the stock moves by -0.21%. This data can give you a slight idea of what to expect for the next quarter's release.
HTGC Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
110.80M
63.13%
31.12%
Gross Margin
--
--
--
Operating Margin
80.40%
22.99%
11.34%
Net Margin
62.02%
50.61%
25.22%
EPS
0.42
121.05%
68.00%
No Data Available
HTGC Earnings Analysis
Hercules Capital, Inc. Corporation (HTGC.N) Earnings Conference Call
Positive
Record Investment Income Growth: In Q3 2024, the Company delivered record total investment income of $125.2 million, an increase of 7.3% year-over-year.
Record Investment Income Growth: Year-to-date, the Company has delivered record total investment income of $371.8 million, an increase of 10% year-over-year.
Record Net Interest Income: The Company reported record NII of $244.7 million or $1.52 per share, an increase of 12.2% year-over-year.
Asset Management Growth: As of the end of Q3, Hercules Capital is managing approximately $4.6 billion of assets, an increase of 10.9% from where we were a year ago.
Record Gross Fundings Achieved: Hercules has delivered record year-to-date ending Q3 2024 total gross fundings of $1.34 billion despite intentionally slowing down new originations in Q3.
Negative
Net Loss Reported: The company reported a net loss of $0.6 million in Q3, primarily due to losses on warrants and equity investments.
Operating Expenses Analysis: Total operating expenses increased to $44.3 million compared to $45.5 million in the prior quarter, indicating a slight rise in costs despite efforts to manage expenses.
Interest Expense Increase: Interest expense and fees rose to $22.4 million from $21.5 million in the previous quarter, reflecting higher utilization of credit facilities.
Net Asset Value Decline: The net asset value per share decreased slightly by $0.03 to $11.40 per share, representing a 0.3% quarter-over-quarter decline.
Venture Capital Slowdown: The company experienced a significant slowdown in venture capital investment activity, down 32% from Q2 levels, marking the slowest Q3 in the last four years.
HTGC FAQs
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HTGC Earning Call Sentiment
Hercules Capital, Inc. (HTGC) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
HTGC.N
-1.11%Positive
The earnings call summary reflects strong financial performance with record gross fundings and significant increases in investment income. The company maintains a robust liquidity position and continues to deliver consistent supplemental distributions. The Q&A section revealed cautious optimism about market conditions and strategic conservatism in response to potential election uncertainties. Despite a slight NAV decrease, the overall sentiment is positive, driven by solid financial metrics, strategic focus on quality credits, and a positive outlook on venture capital deal activity. The market cap suggests a moderate reaction, leading to a positive stock price movement prediction.
