PSEC Earnings Prediction
The chart below shows how PSEC performed 10 days before and after its earnings report, based on data from the past quarters. Typically, PSEC sees a +2.97% change in stock price 10 days leading up to the earnings, and a +3.74% change 10 days following the report. On the earnings day itself, the stock moves by -0.89%. This data can give you a slight idea of what to expect for the next quarter's release.
PSEC Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
138.93M
19.46%
-44.93%
Gross Margin
--
--
--
Operating Margin
48.09%
23.75%
-33.32%
Net Margin
21.27%
228.24%
-62.83%
EPS
-0.02
-33.33%
-111.76%
No Data Available
PSEC Earnings Analysis
Prospect Capital Corp Corporation (PSEC.O) Earnings Conference Call
Positive
Net Investment Income Performance: Net investment income (NII) for December reached $86.4 million, translating to $0.20 per common share, indicating strong profitability.
Net Asset Value Performance: The net asset value (NAV) stood at $3.4 billion, or $7.84 per common share, reflecting solid asset performance.
Shareholder Distribution Overview: Since inception, over $4.4 billion has been distributed to shareholders, equating to $21.39 per share, which is 2.7 times the December 2024 NAV per share.
Portfolio Fair Value Analysis: The portfolio's fair value reached $7.1 billion, with 64.9% in first lien debt, showcasing a strong focus on secured investments.
December Investment Originations: Investment originations for December totaled $135 million, with 90% being first lien senior secured loans, demonstrating effective capital deployment.
Negative
Net Investment Income Decline: Net investment income (NII) decreased to $86,400,000 or $0.2 per common share, indicating a decline in profitability compared to previous periods.
Decline in Payment Income: Payment in kind income for the quarter ended December 2024 was $20,000,000, down 39% from the prior quarter and down nearly 50% from the June 2024 quarter, reflecting a significant drop in income generation.
Portfolio Growth Challenges: The company experienced $383,000,000 of repayments and exits, resulting in net repayments of $248,000,000, which may indicate challenges in maintaining portfolio growth.
Subordinated Notes Portfolio Decline: The subordinated structured notes portfolio as of December represented 5.8% of the investment portfolio, a reduction of two hundred ten basis points from 7.9% as of December 2023, suggesting a decrease in reliance on this investment strategy.
Non-Accruals Percentage Insight: Non-accruals as a percentage of total assets stood at approximately 0.4% in December, which, while low, indicates some level of distress in the portfolio.
PSEC FAQs
How does PSEC typically perform around its earnings report dates?
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PSEC Earning Call Sentiment
Earnings call transcript: Prospect Capital misses Q4 2024 EPS forecast
PSEC.O
-0.22%Positive
The earnings call summary presents a mixed picture with stable financial performance but no significant growth indicators. The Q&A section reveals management's confidence in their diversified financing strategy but lacks clarity on specific impacts of rating changes. No new partnerships or optimistic guidance were mentioned. With a market cap of $2.3 billion, the stock is likely to remain stable, leading to a neutral prediction.
