Hercules Capital Q1 EPS $0.50, Inline, Sales $121.60M Beat $119.02M Estimate
Portfolio Pulse from Benzinga Newsdesk
Hercules Capital (NYSE:HTGC) reported Q1 earnings of $0.50 per share, meeting analyst estimates, and sales of $121.60M, exceeding estimates of $119.02M. This represents a 4.17% increase in earnings and a 15.71% increase in sales over the same period last year.
May 02, 2024 | 9:10 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Hercules Capital reported a solid Q1 with earnings per share of $0.50, in line with estimates, and sales of $121.60M, surpassing expectations. This performance indicates a 4.17% increase in earnings and a 15.71% increase in sales compared to the same quarter last year.
The positive earnings report, meeting analyst expectations and showing significant year-over-year growth in both earnings and sales, is likely to instill investor confidence and could lead to a short-term positive impact on HTGC's stock price. The beat on sales estimates and the growth compared to the previous year highlight the company's strong performance and potential for future growth.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100