Advertisement
Singapore markets closed

  • Straits Times Index

    3,280.10
    -7.65 (-0.23%)
     

  • Nikkei

    37,934.76
    +306.28 (+0.81%)
     

  • Hang Seng

    17,651.15
    +366.61 (+2.12%)
     

  • FTSE 100

    8,139.83
    +60.97 (+0.75%)
     

  • Bitcoin USD

    63,184.15
    -676.38 (-1.06%)
     

  • CMC Crypto 200

    1,304.48
    -92.06 (-6.59%)
     

  • S&P 500

    5,099.96
    +51.54 (+1.02%)
     

  • Dow

    38,239.66
    +153.86 (+0.40%)
     

  • Nasdaq

    15,927.90
    +316.14 (+2.03%)
     

  • Gold

    2,349.60
    +7.10 (+0.30%)
     

  • Crude Oil

    83.66
    +0.09 (+0.11%)
     

  • 10-Yr Bond

    4.6690
    -0.0370 (-0.79%)
     

  • FTSE Bursa Malaysia

    1,575.16
    +5.91 (+0.38%)
     

  • Jakarta Composite Index

    7,036.08
    -119.22 (-1.67%)
     

  • PSE Index

    6,628.75
    +53.87 (+0.82%)
     

Gladstone Investment (GAIN) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

Zacks Equity Research
·2-min read

Gladstone Investment (GAIN) reported $23.08 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 6.9%. EPS of $0.26 for the same period compares to $0.26 a year ago.

The reported revenue represents a surprise of -3.98% over the Zacks Consensus Estimate of $24.04 million. With the consensus EPS estimate being $0.27, the EPS surprise was -3.70%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

ADVERTISEMENT

Here is how Gladstone Investment performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Total interest income: $21.70 million versus $23.67 million estimated by four analysts on average.

  • Cash and cash equivalents: $0.11 million versus $0.05 million estimated by two analysts on average.

  • Interest income- Non-Control/Non-Affiliate investments: $15.24 million compared to the $15.89 million average estimate based on two analysts.

  • Interest income- Affiliate investments: $6.35 million versus the two-analyst average estimate of $6.47 million.

View all Key Company Metrics for Gladstone Investment here>>>

Shares of Gladstone Investment have returned -6.3% over the past month versus the Zacks S&P 500 composite's +5.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Gladstone Investment Corporation (GAIN) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research