Golub Capital BDC (GBDC) Beats Q4 Earnings, Misses Revenue Estimates (Revised)

Company Performance - Golub Capital BDC reported quarterly earnings of $0.47 per share, exceeding the Zacks Consensus Estimate of $0.45 per share, but down from $0.50 per share a year ago, indicating a 6% year-over-year decline [1] - The company posted revenues of $224.41 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 5.16%, compared to $164.54 million in the same quarter last year, reflecting a 36.4% year-over-year increase [2] - Over the last four quarters, Golub Capital BDC surpassed consensus EPS estimates once and topped consensus revenue estimates two times [2] Stock Performance and Outlook - Golub Capital BDC shares have increased by approximately 2.8% since the beginning of the year, while the S&P 500 has gained 23.6%, indicating underperformance relative to the broader market [3] - The current consensus EPS estimate for the upcoming quarter is $0.45 on revenues of $233.12 million, and for the current fiscal year, it is $1.73 on revenues of $864.6 million [7] Industry Context - The Financial - SBIC & Commercial Industry, to which Golub Capital BDC belongs, is currently ranked in the bottom 40% of over 250 Zacks industries, suggesting potential challenges ahead [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Golub Capital BDC's stock performance [5][6]