Gabelli Convertible and Income Securities Fund Past Earnings Performance
Past criteria checks 1/6
Gabelli Convertible and Income Securities Fund's earnings have been declining at an average annual rate of -34.9%, while the Capital Markets industry saw earnings growing at 9.7% annually. Revenues have been declining at an average rate of 0.7% per year. Gabelli Convertible and Income Securities Fund's return on equity is 0.7%, and it has net margins of 14.2%.
Key information
-34.9%
Earnings growth rate
19.2%
EPS growth rate
| Capital Markets Industry Growth | 10.3% |
| Revenue growth rate | -0.7% |
| Return on equity | 0.7% |
| Net Margin | 14.2% |
| Last Earnings Update | 30 Sep 2023 |
Recent past performance updates
No updates
Recent updates
GCV: More Interesting At Current Discount
Dec 12Gabelli Convertible & Income Securities Fund declares $0.12 dividend
Feb 17Gabelli Convertible & Income Securities Fund declares $0.12 dividend
Nov 11GCV: Expensive And Strong Alternatives Exist
Feb 10Gabelli Convertible & Income Securities Fund: An Attractive Higher Yield Convertible Fund
Oct 14Gabelli Convertible&Income Securities Fund declares $0.12 dividend
Nov 13Revenue & Expenses BreakdownBeta
How Gabelli Convertible and Income Securities 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 |
|---|---|---|---|---|
| 30 Sep 23 | 4 | 1 | 2 | 0 |
| 31 Mar 23 | 3 | -13 | 2 | 0 |
| 31 Dec 22 | 2 | -32 | 2 | 0 |
| 30 Sep 22 | 2 | -33 | 2 | 0 |
| 30 Jun 22 | 2 | -35 | 2 | 0 |
| 31 Mar 22 | 2 | -16 | 2 | 0 |
| 31 Dec 21 | 2 | 2 | 2 | 0 |
| 30 Sep 21 | 3 | 19 | 2 | 0 |
| 30 Jun 21 | 3 | 37 | 2 | 0 |
| 31 Mar 21 | 3 | 33 | 2 | 0 |
| 31 Dec 20 | 3 | 29 | 2 | 0 |
| 30 Sep 20 | 3 | 19 | 2 | 0 |
| 30 Jun 20 | 3 | 8 | 2 | 0 |
| 31 Mar 20 | 3 | 17 | 2 | 0 |
| 31 Dec 19 | 3 | 25 | 2 | 0 |
| 30 Sep 19 | 3 | 16 | 2 | 0 |
| 30 Jun 19 | 3 | 7 | 2 | 0 |
| 31 Mar 19 | 3 | 1 | 1 | 0 |
| 31 Dec 18 | 2 | -5 | 1 | 0 |
| 30 Sep 18 | 3 | 2 | 1 | 0 |
| 30 Jun 18 | 3 | 8 | 1 | 0 |
| 31 Mar 18 | 3 | 9 | 1 | 0 |
| 31 Dec 17 | 3 | 11 | 2 | 0 |
| 30 Sep 17 | 3 | 11 | 2 | 0 |
| 30 Jun 17 | 3 | 11 | 2 | 0 |
| 31 Mar 17 | 3 | 8 | 1 | 0 |
| 31 Dec 16 | 3 | 6 | 1 | 0 |
| 30 Sep 16 | 3 | 1 | 1 | 0 |
| 30 Jun 16 | 3 | -4 | 1 | 0 |
| 31 Mar 16 | 2 | -4 | 1 | 0 |
| 31 Dec 15 | 2 | -4 | 1 | 0 |
| 30 Sep 15 | 2 | -3 | 1 | 0 |
| 30 Jun 15 | 2 | -2 | 1 | 0 |
| 31 Mar 15 | 2 | 0 | 1 | 0 |
| 31 Dec 14 | 2 | 2 | 1 | 0 |
| 30 Sep 14 | 2 | 8 | 1 | 0 |
| 30 Jun 14 | 2 | 14 | 2 | 0 |
| 31 Mar 14 | 3 | 16 | 2 | 0 |
| 31 Dec 13 | 3 | 19 | 2 | 0 |
| 30 Sep 13 | 3 | 16 | 2 | 0 |
| 30 Jun 13 | 3 | 13 | 1 | 0 |
Quality Earnings: GCV has a large one-off loss of $1.4M impacting its last 12 months of financial results to 30th September, 2023.
Growing Profit Margin: GCV became profitable in the past.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: GCV's earnings have declined by 34.9% per year over the past 5 years.
Accelerating Growth: GCV has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: GCV has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (2.9%).
Return on Equity
High ROE: GCV's Return on Equity (0.7%) is considered low.