Hercules Capital (HTGC) Q2 Earnings Match Estimates

Financial Performance - Hercules Capital reported quarterly earnings of $0.51 per share, matching the Zacks Consensus Estimate, compared to $0.53 per share a year ago [1] - The company posted revenues of $125.01 million for the quarter ended June 2024, exceeding the Zacks Consensus Estimate by 0.02%, and up from $116.23 million year-over-year [2] - Over the last four quarters, Hercules Capital has surpassed consensus EPS estimates three times and topped consensus revenue estimates four times [2][3] Stock Performance - Hercules Capital shares have increased approximately 29.3% since the beginning of the year, outperforming the S&P 500's gain of 15.8% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.52 on revenues of $126.95 million, and for the current fiscal year, it is $2.06 on revenues of $503.7 million [7] - The outlook for the Financial - SBIC & Commercial Industry, to which Hercules Capital belongs, is currently in the top 38% of Zacks industries, suggesting a favorable environment for stock performance [8]