Goldman Sachs BDC (GSBD) Beats Q2 Earnings Estimates

Group 1: Earnings Performance - Goldman Sachs BDC reported quarterly earnings of $0.57 per share, exceeding the Zacks Consensus Estimate of $0.52 per share, but down from $0.58 per share a year ago, representing an earnings surprise of 9.62% [1] - The company posted revenues of $108.62 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 3.08% and down from $112.08 million year-over-year [2] - Over the last four quarters, Goldman Sachs BDC has surpassed consensus EPS estimates two times and topped consensus revenue estimates just once [2] Group 2: Stock Performance and Outlook - Goldman Sachs BDC shares have declined approximately 2.5% since the beginning of the year, while the S&P 500 has gained 9% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the coming quarter is $0.55 on revenues of $114.94 million, and for the current fiscal year, it is $2.14 on revenues of $454.64 million [7] Group 3: Industry Context - The Financial - SBIC & Commercial Industry, to which Goldman Sachs BDC belongs, is currently ranked in the bottom 36% of over 250 Zacks industries, indicating potential challenges for stock performance [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact investor decisions [5][6]