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

Runway Growth Finance

09/08/2024 01:31

* Runway Growth Finance Corp  RWAY.OQ  reported quarterly
adjusted
earnings of 37 cents​​ per share for the quarter ended in June,
lower than the same quarter last year, when the company reported
EPS of 49 cents.  The mean expectation of nine analysts for the
quarter was for earnings of 44 cents per share. Wall Street
expected results to range from 40 cents to 46 cents per share.
    * Revenue fell 18.4% to $34.19 million from a year ago;
analysts
expected $37.86 million. 
    * Runway Growth Finance Corp's reported EPS for the quarter
was 21
cents​.
    * The company reported quarterly net income of $8.29
million.
    * Runway Growth Finance Corp shares had fallen by 4.6% this
quarter and lost 10.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.7%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 8
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the corporate
financial
services peer group is also "hold"

Wall Street's median 12-month price target for Runway Growth
Finance Corp is $12.50 
This summary was machine generated from LSEG data August 9 at
12:31 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
 Jun. 30 2024      0.44           0.37           Missed
 Mar. 31 2024      0.45           0.46           Beat
 Dec. 31 2023      0.49           0.45           Missed
 Sep. 30 2023      0.47           0.54           Beat