Hercules Capital Q2 2024 GAAP EPS $0.51, Inline, Sales $125.006M Miss $127.526M Estimate
Portfolio Pulse from Benzinga Newsdesk
Hercules Capital (NYSE:HTGC) reported Q2 2024 earnings per share (EPS) of $0.51, which met analyst expectations but represented a 3.77% decrease from the same period last year. The company reported sales of $125.006 million, missing the analyst estimate of $127.526 million by 1.98%, but showing a 7.55% increase from the same period last year.
August 01, 2024 | 8:56 pm
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NEUTRAL IMPACT
Hercules Capital's Q2 2024 earnings per share met expectations, but sales missed estimates by 1.98%. Despite the miss, sales increased by 7.55% year-over-year.
The earnings per share meeting expectations is neutral news, while the slight miss in sales estimates could be seen as a minor negative. However, the year-over-year sales increase is a positive sign. Overall, the impact on the stock price is likely to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100