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Gladstone Investment Earnings Calls

Q1 2025 (Upcoming)
Release date May 13, 2025
EPS estimate $0.230
EPS actual -
Revenue estimate 24.959M
Revenue actual -
Expected change +/- 2.32%
Q4 2024 Missed
$0.230 (-4.17%)
Release date Feb 12, 2025
EPS estimate $0.240
EPS actual $0.230
EPS Surprise -4.17%
Revenue estimate 22.883M
Revenue actual 20.528M
Revenue Surprise -10.29%
Q3 2024 Missed
$0.240 (-4.00%)
Release date Nov 08, 2024
EPS estimate $0.250
EPS actual $0.240
EPS Surprise -4.00%
Revenue estimate 22.72M
Revenue actual 20.996M
Revenue Surprise -7.59%
Q2 2024 Missed
$0.240 (-4.00%)
Release date Aug 05, 2024
EPS estimate $0.250
EPS actual $0.240
EPS Surprise -4.00%
Revenue estimate 24.04M
Revenue actual 22.18M
Revenue Surprise -7.74%

Last 4 Quarters for Gladstone Investment

Below you can see how GAIN performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.

Q2 2024 Missed
Release date Aug 05, 2024
Fiscal end date Jun 30, 2024
Price on release $13.19
EPS estimate $0.250
EPS actual $0.240
EPS surprise -4.00%
Date Price
Jul 30, 2024 $14.15
Jul 31, 2024 $14.02
Aug 01, 2024 $13.97
Aug 02, 2024 $13.73
Aug 05, 2024 $13.19
Aug 06, 2024 $12.56
Aug 07, 2024 $12.61
Aug 08, 2024 $12.73
Aug 09, 2024 $12.90
4 days before -6.78%
4 days after -2.20%
On release day -4.78%
Change in period -8.83%
Q3 2024 Missed
Release date Nov 08, 2024
Fiscal end date Sep 30, 2024
Price on release $13.39
EPS estimate $0.250
EPS actual $0.240
EPS surprise -4.00%
Date Price
Nov 04, 2024 $13.17
Nov 05, 2024 $13.40
Nov 06, 2024 $13.61
Nov 07, 2024 $13.80
Nov 08, 2024 $13.39
Nov 11, 2024 $13.52
Nov 12, 2024 $13.53
Nov 13, 2024 $13.70
Nov 14, 2024 $13.67
4 days before 1.67%
4 days after 2.09%
On release day 0.97%
Change in period 3.80%
Q4 2024 Missed
Release date Feb 12, 2025
Fiscal end date Dec 31, 2024
Price on release $13.31
EPS estimate $0.240
EPS actual $0.230
EPS surprise -4.17%
Date Price
Feb 06, 2025 $13.53
Feb 07, 2025 $13.57
Feb 10, 2025 $13.52
Feb 11, 2025 $13.48
Feb 12, 2025 $13.31
Feb 13, 2025 $13.84
Feb 14, 2025 $13.97
Feb 18, 2025 $13.94
Feb 19, 2025 $13.80
4 days before -1.63%
4 days after 3.68%
On release day 3.98%
Change in period 2.00%
Q1 2025 (Upcoming)
Release date May 13, 2025
Fiscal end date Mar 30, 2025
Price on release -
EPS estimate $0.230
EPS actual -
Date Price
Apr 11, 2025 $13.25
Apr 14, 2025 $13.46
Apr 15, 2025 $13.71
Apr 16, 2025 $13.69
Apr 17, 2025 $13.89

Gladstone Investment Earnings Call Transcript Summary of Q4 2024

Patterns of investing and dividend structures were discussed due to the growth of the company since its inception in 2005.

Financial Highlights:

  • Adjusted Net Investment Income (NII): $1 per share for FY 2024.
  • Portfolio Value: Increased significantly to $921 million from $754 million year-over-year.
  • Investments: Total investments of $184 million in FY 2024, up from $134 million in the previous year.
    • Includes $61 million in new buyouts and $123 million in add-ons/recapitalizations to existing portfolio companies.
  • Earnings: Total investment income rose to $87.3 million from $81.5 million in FY 2023, albeit slight decrease in adjusted NII from $1.10 to $1 per share due to higher incentive fees.
  • Distributions: Maintained monthly distributions at $0.08 per share and $1.24 in supplemental distributions, totaling $2.20 per share for the fiscal year, which equates to a yield of approximately 15.5%.

Portfolio Performance and Management:

  • The number of portfolio companies in non-accrual status decreased from three to two.
  • Company management is optimistic regarding portfolio performance, focusing on the potential for exits and capital gains.
  • Ongoing efforts to rectify underperforming investments through management changes and recapitalization were noted, especially for companies like "Hobbs" and "Edge".

Market Outlook:

  • Deal Flow: There is an increase in deal flow with a growing backlog of opportunities. However, there are concerns about the quality of some of these deals, specifically high valuations discouraging investment.
  • Competitive Environment: The competition for quality private equity investments remains strong, causing Gladstone to be cautious in their valuations and acquisition strategy.
  • Inflation Implications: Management expressed that inflation could assist in yielding favorable capital gains over time as values increase.

Management Perspective:

  • Leadership conveyed confidence in the portfolio’s momentum and ability to sustain earnings and distributions.
  • Future strategy will involve balancing realization of gains with maintaining sufficient portfolio assets to support ongoing distributions.

Conclusion for Investors:

Gladstone Investment Corporation's fourth-quarter performance illustrates solid growth while maintaining a strong balance sheet with low leverage. The company’s disciplined approach to investment and proactive management of portfolio performance should maintain shareholder returns, particularly in the context of a favorable market environment for private equity acquisitions. Investors can anticipate consistent monthly distributions coupled with potential supplemental payouts as capital gains are realized from successfully exited investments.

Gladstone Investment Earnings History

Earnings Calendar

FAQ

When is the earnings report for GAIN?
Gladstone Investment Corporation (GAIN) has scheduled its earnings report for May 13, 2025 after the markets close.

What is the GAIN price-to-earnings (P/E) ratio?
GAIN P/E ratio as of Apr 17, 2025 (TTM) is 7.18.

What is the GAIN EPS forecast?
The forecasted EPS (Earnings Per Share) for Gladstone Investment Corporation (GAIN) for the first fiscal quarter 2025 is $0.230.

What are Gladstone Investment Corporation's retained earnings?
On its balance sheet, Gladstone Investment Corporation reported retained earnings of $20.53 million for the latest quarter ending Dec 31, 2024.

What Is an Earnings Report?
An earnings report is usually issued quarterly (Q1, Q2, Q3 & Q4) by public companies to report their performance. Earnings reports typically include net income, earnings per share, earnings from continuing operations, and net sales. Looking at the earnings report investors can start gauge the financial health of the company and make even better decisions whether to buy, sell, or stay in the company. Fundamental analysts and value investors will typically hunt for stocks that continue to show good financial ratios and use a decline as an exit point. One of the most anticipated numbers for analysis is earnings per share because it indicates how much the company earned for its shareholders. The report will also indicate a possible dividend.

Earnings Report Content
Earnings reports generally provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. These figures are typically measured against previous quarters/years. Furthermore, the earnings report usually includes a summary and analysis from the CEO or company spokesman, alongside a more general view of the financials and future forecast.

What To Know About Earnings Reports?
Announcement of earnings for a stock, particularly for well followed large-capitalization stocks, can move the market. Stock prices can fluctuate wildly on days when the quarterly earnings report is released. Despite good reports, stocks may very well fall if the investors were expecting more or they believe the next quarter will not be as good. Investors always try to be ahead of the market and future earnings/losses are often discounted into the current price of the stock. It is natural for stocks to start to move in either direction a few days before the release of an earnings report.
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ABOUT GLADSTONE INVESTMENT CORPORATION
Gladstone Investment
Gladstone Investment Corporation is business development company, specializes in lower middle market, mature stage, buyouts; refinancing existing debt; senior debt securities such as senior loans, senior term loans, lines of credit, and senior notes; senior subordinated debt securities such as senior subordinated loans and senior subordinated notes; junior subordinated debt securities such as subordinated notes and mezzanine loans; limited liabil...
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