Hercules Capital Full Year 2023 Earnings: Beats Expectations
Hercules Capital (NYSE:HTGC) Full Year 2023 Results
Key Financial Results
Revenue: US$460.7m (up 43% from FY 2022).
Net income: US$337.5m (up 238% from FY 2022).
Profit margin: 73% (up from 31% in FY 2022). The increase in margin was primarily driven by lower expenses.
EPS: US$2.34 (up from US$0.80 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Hercules Capital Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 15%.
Looking ahead, revenue is forecast to grow 5.8% p.a. on average during the next 2 years, compared to a 6.7% growth forecast for the Capital Markets industry in the US.
Performance of the American Capital Markets industry.
The company's shares are up 7.6% from a week ago.
Risk Analysis
You still need to take note of risks, for example - Hercules Capital has 4 warning signs (and 2 which make us uncomfortable) we think you should know about.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
