BlackRock Floating Rate Income Strategies Fund Past Earnings Performance
Past criteria checks 2/6
BlackRock Floating Rate Income Strategies Fund has been growing earnings at an average annual rate of 9%, while the Capital Markets industry saw earnings growing at 9.7% annually. Revenues have been declining at an average rate of 2.4% per year. BlackRock Floating Rate Income Strategies Fund's return on equity is 13.4%, and it has net margins of 110.3%.
Key information
9.0%
Earnings growth rate
13.1%
EPS growth rate
| Capital Markets Industry Growth | 10.3% |
| Revenue growth rate | -2.4% |
| Return on equity | 13.4% |
| Net Margin | 110.3% |
| Last Earnings Update | 31 Dec 2023 |
Recent past performance updates
No updates
Recent updates
FRA: A Good Way To Hedge Your 2024 Interest Rate Risk
Dec 20FRA: Continuing To Benefit From Higher Rates
Oct 15FRA: A Good 11%-Yielding CEF To Buy For Income Today
Aug 16FRA: Another Distribution Increase
Jun 05BlackRock Floating Rate Income Strategies Fund declares $0.0804 dividend
Jan 06BlackRock Floating Rate Income Strategies Fund goes ex-dividend on Monday
Nov 11BlackRock Floating Rate Income Strategies Fund raises monthly dividend by 20.5% to $0.0804/share
Oct 06FRA: Fully Covered 6.59% Distribution, Protection From Rising Rates
Aug 31BlackRock Floating Rate Income Strategies Fund declares $0.0667 dividend
Aug 05BlackRock Floating Rate Income Strategies Fund declares $0.0667 dividend
Jul 05FRA: Deeply Discounted
May 13FRA: 5.8% Distribution Yield, Floating Rate Investments
Jan 20BlackRock Floating Rate Income Strategies Fund: Don't Fear Higher Interest Rates, Embrace Them
Oct 17FRA: Floating Rate Fund Worth Taking A Look At
Jul 05BlackRock Floating Rate Income Strategies Fund declares $0.0667 dividend
May 07BlackRock Floating Rate Income Strategies Fund declares $0.0667 dividend
Feb 04BlackRock Floating Rate Income Strategies Fund declares $0.0667 dividend
Dec 21BlackRock Floating Rate Income Strategies Fund declares $0.0788 dividend
Nov 03Revenue & Expenses BreakdownBeta
How BlackRock Floating Rate Income Strategies Fund makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 23 | 57 | 63 | 5 | 0 |
| 30 Sep 23 | 54 | 62 | 5 | 0 |
| 30 Jun 23 | 51 | 61 | 5 | 0 |
| 31 Mar 23 | 45 | 26 | 5 | 0 |
| 31 Dec 22 | 40 | -9 | 5 | 0 |
| 30 Sep 22 | 36 | -18 | 5 | 0 |
| 30 Jun 22 | 32 | -26 | 6 | 0 |
| 31 Mar 22 | 31 | 1 | 6 | 0 |
| 31 Dec 21 | 31 | 29 | 6 | 0 |
| 30 Jun 21 | 96 | 76 | 16 | 0 |
| 31 Mar 21 | 97 | 45 | 16 | 0 |
| 31 Dec 20 | 98 | 15 | 16 | 0 |
| 31 Dec 19 | 39 | 46 | 6 | 0 |
| 31 Aug 19 | 44 | 15 | 6 | 0 |
| 31 May 19 | 44 | 14 | 6 | 0 |
| 28 Feb 19 | 44 | 14 | 7 | 0 |
| 30 Nov 18 | 43 | 20 | 7 | 0 |
| 31 Aug 18 | 42 | 27 | 7 | 0 |
| 31 May 18 | 40 | 26 | 7 | 0 |
| 28 Feb 18 | 39 | 24 | 7 | 0 |
| 30 Nov 17 | 39 | 30 | 7 | 0 |
| 31 Aug 17 | 39 | 36 | 7 | 0 |
| 31 May 17 | 39 | 53 | 7 | 0 |
| 28 Feb 17 | 38 | 70 | 7 | 0 |
| 30 Nov 16 | 38 | 47 | 6 | 0 |
| 31 Aug 16 | 37 | 23 | 6 | 0 |
| 31 May 16 | 37 | 5 | 6 | 0 |
| 29 Feb 16 | 37 | -14 | 6 | 0 |
| 30 Nov 15 | 38 | -1 | 7 | 0 |
| 31 Aug 15 | 39 | 13 | 7 | 0 |
| 31 May 15 | 40 | 15 | 7 | 0 |
| 28 Feb 15 | 40 | 17 | 7 | 0 |
| 30 Nov 14 | 41 | 26 | 7 | 0 |
| 31 Aug 14 | 41 | 34 | 7 | 0 |
| 31 May 14 | 42 | 38 | 6 | 0 |
| 28 Feb 14 | 43 | 42 | 6 | 0 |
| 30 Nov 13 | 43 | 45 | 6 | 0 |
| 31 Aug 13 | 43 | 48 | 6 | 0 |
| 31 May 13 | 38 | 45 | 5 | 0 |
Quality Earnings: FRA has a large one-off gain of $18.4M impacting its last 12 months of financial results to 31st December, 2023.
Growing Profit Margin: FRA became profitable in the past.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: FRA's earnings have grown by 9% per year over the past 5 years.
Accelerating Growth: FRA has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: FRA has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (3.3%).
Return on Equity
High ROE: FRA's Return on Equity (13.4%) is considered low.