Golub Capital BDC Q2 adjusted EPS misses estimates, NAV falls on wider credit spreads

Golub Capital BDC

04/05/2026 21:37

Overview

U.S. business development company's fiscal Q2 adjusted EPS missed analyst expectations

Adjusted net income for fiscal Q2 missed analyst estimates

Net asset value per share declined to $14.35 from $14.84 prior quarter

Outlook

Company did not provide specific guidance for future quarters or full-year results

Result Drivers

SPREAD WIDENING - Co said widening credit spreads led to unrealized depreciation from fair value adjustments, which drove losses in the quarter

PORTFOLIO UNDERPERFORMANCE - Unrealized depreciation from underperformance of certain portfolio companies, including some moved to non-accrual, contributed to losses

Company press release: ID:nBw7P40Rba

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Adjusted EPS
Miss
-$0.18
$0.36 (6 Analysts)
Q2 EPS
-$0.18
Q2 Adjusted Net Income
Miss
-$46.80 mln
$93.50 mln (6 Analysts)
Q2 Net Asset Value Per Share
$14.35


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "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 $14.50, about 5.1% above its May 1 closing price of $13.80

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 10 three months ago

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.)