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Gladstone Investment (GAIN) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates
For the quarter ended June 2024, Gladstone Investment (GAIN - Free Report) reported revenue of $22.18 million, up 9.3% over the same period last year. EPS came in at $0.24, compared to $0.25 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $24.27 million, representing a surprise of -8.60%. The company delivered an EPS surprise of -4.00%, with the consensus EPS estimate being $0.25.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Gladstone Investment performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
View all Key Company Metrics for Gladstone Investment here>>>Interest income- Affiliate investments
: $6.04 million versus $6.52 million estimated by two analysts on average.Interest income- Cash and cash equivalents
: $0.04 million compared to the $0.43 million average estimate based on two analysts.Interest income- Non-Control/Non-Affiliate investments
: $14.54 million versus $15.44 million estimated by two analysts on average.Total interest income
: $20.63 million compared to the $22.05 million average estimate based on two analysts.Shares of Gladstone Investment have returned -2.3% over the past month versus the Zacks S&P 500 composite's -2.9% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.