OBDC Earnings Prediction
The chart below shows how OBDC performed 10 days before and after its earnings report, based on data from the past quarters. Typically, OBDC sees a -0.47% change in stock price 10 days leading up to the earnings, and a +2.55% change 10 days following the report. On the earnings day itself, the stock moves by -0.06%. This data can give you a slight idea of what to expect for the next quarter's release.
OBDC Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
359.66M
-13.77%
8.95%
Gross Margin
--
--
--
Operating Margin
72.24%
-5.42%
2.96%
Net Margin
37.64%
-24.14%
1.67%
EPS
0.35
-33.96%
12.90%
No Data Available
OBDC Earnings Analysis
Blue Owl Capital Corporation Corporation (OBDC.N) Earnings Conference Call
Positive
Consistent Double-Digit ROE: 1. Strong Return on Equity: Blue Owl Capital achieved a return on equity (ROE) of 12.4% for Q3 2024, marking the seventh consecutive quarter of double-digit ROE.
Strong Dividend Coverage: 2. High Dividend Coverage: The company reported a base dividend coverage of 127%, one of the highest among BDC peers, indicating strong earnings relative to dividend obligations.
Supplemental Dividend Announcement: 3. Robust Supplemental Dividends: OBDC declared a supplemental dividend of $0.05 per share for Q3 2024, bringing total supplemental dividends to $0.47 per share since the program's inception, reflecting strong earnings momentum.
Investment Commitment Surge: 4. Significant Investment Activity: In Q3 2024, Blue Owl deployed approximately $1.2 billion in new investment commitments, maintaining strong origination activity despite a subdued M&A environment.
Improved Interest Coverage Ratio: 5. Stable Portfolio Performance: The average interest coverage ratio for portfolio companies improved to 1.7x, up from 1.6x in the previous quarter, demonstrating the resilience and credit health of the portfolio.
Negative
Net Investment Income Decline: 1. Decline in Net Investment Income: Net investment income decreased to $0.47 per share, down $0.01 from the prior quarter, indicating a slight reduction in earnings despite maintaining high leverage.
Credit-Related Markdown Effects: 2. Credit-Related Markdown Impact: The third quarter NAV per share was $15.28, reflecting credit-related markdowns on select investments, which negatively impacted the overall asset value.
Decreased Commitment Size: 3. Lower Average Commitment Size: The average commitment in new portfolio companies was lower than in previous quarters, indicating a potential strategic shift or reduced investment capacity.
NII Vulnerability to Rate Cuts: 4. Potential Decrease in NII from Rate Cuts: If rates are cut by an additional 50 basis points, NII is expected to decrease by $0.02 per share, highlighting vulnerability to interest rate changes.
Muted M&A Activity: 5. Subdued M&A Activity: M&A activity remains muted, which could limit future investment opportunities and growth potential for the company.
OBDC FAQs
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OBDC Earning Call Sentiment
Blue Owl Capital Corporation (OBDC) Q3 2024 Earnings Call Transcript
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OBDC.N
0.4%Positive
The earnings call summary indicates strong financial performance, operational efficiencies from a merger, and robust dividend coverage. The Q&A highlighted stable spreads and potential lending growth, with management maintaining a positive outlook. While some answers were vague, the overall sentiment remains positive, supported by a solid shareholder return plan and strategic merger benefits.