Runway Growth Finance Corp reports results for the quarter ended in December - Earnings Summary

Runway Growth Finance

08/03/2024 03:50

* Runway Growth Finance Corp  RWAY.OQ  reported quarterly
adjusted
earnings of 45 cents​​ per share for the quarter ended in
December, identical to the same quarter last year.  The mean
expectation of nine analysts for the quarter was for earnings of
49 cents per share. Wall Street expected results to range from
45 cents to 54 cents per share.
    * Revenue rose 6.6% to $39.23 million from a year ago;
analysts
expected $40.41 million. 
    * Runway Growth Finance Corp's reported EPS for the quarter
was a
loss of 12 cents​.
    * The company reported a quarterly loss of $4.79 million.
    * Runway Growth Finance Corp shares had risen by 6.3% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.2%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the corporate
financial
services peer group is also "buy"

Wall Street's median 12-month price target for Runway Growth
Finance Corp is $13.50 
This summary was machine generated from LSEG data March 8 at
03:50 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.49           0.45           Missed
 Sep. 30 2023      0.47           0.54           Beat
 Jun. 30 2023      0.45           0.49           Beat
 Mar. 31 2023      0.45           0.45           Met