Runway Growth Finance Corp reports results for the quarter ended September 30 - Earnings Summary

Runway Growth Finance

13/11/2024 24:06

* Runway Growth Finance Corp  RWAY.OQ  reported quarterly
adjusted
earnings of 41 cents​​ per share for the quarter ended September
30, lower than the same quarter last year, when the company
reported EPS of 54 cents.  The mean expectation of nine analysts
for the quarter was for earnings of 45 cents per share. Wall
Street expected results to range from 39 cents to 47 cents per
share.
    * Revenue rose 0.2% to $36.65 million from a year ago;
analysts
expected $38.68 million. 
    * Runway Growth Finance Corp's reported EPS for the quarter
was 65
cents​.
    * The company reported quarterly net income of $25.05
million.
    * Runway Growth Finance Corp shares had risen by 2.1% this
quarter and lost 15.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1% in
the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 7
"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 12.00 
This summary was machine generated from LSEG data November 13 at
12:06 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
 Sep. 30 2024      0.45           0.41           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