Golub Capital BDC Q1 adjusted net income misses estimates

Golub Capital BDC

04/02/2026 21:20

Overview

Business development company's fiscal Q1 adjusted net income missed analyst expectations

Earnings per share for fiscal Q1 decreased compared to the previous quarter

Company declared quarterly distribution of $0.33 per share, down from $0.39

Result Drivers

PORTFOLIO PERFORMANCE - Unrealized depreciation and realized loss due to underperformance of certain portfolio companies and restructuring of a portfolio company investment

DISTRIBUTION REDUCTION - Quarterly distribution reduced from $0.39 to $0.33 per share reflecting outlook on rates, asset spreads, and financing costs

SHARE REPURCHASE - Company repurchased shares in response to market volatility, impacting financial metrics

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
$0.25
Q1 Adjusted Net Income
Miss
$65.20 mln
$94.38 mln (6 Analysts)
Q1 Net Asset Value Per Share
$14.84


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the investment management & fund operators peer group is "hold."

Wall Street's median 12-month price target for Golub Capital BDC Inc is $15.00, about 17.3% above its February 3 closing price of $12.79

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release: ID:nBwbyC7Cna

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)