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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 are significant) we think you should know about.
Valuation is complex, but we're helping make it simple.
Find out whether Hercules Capital is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
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About NYSE:HTGC
Hercules Capital
Hercules Capital, Inc. is a business development company.
Undervalued with solid track record and pays a dividend.