Hercules Technology Growth Capital, Inc. (NASDAQ:HTGC) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Hercules Technology Growth Capital, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 12.5% to $0.27 in the quarter versus EPS of $0.24 in the year-earlier quarter.
Revenue: Rose 38.58% to $31 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Hercules Technology Growth Capital, Inc. reported adjusted EPS income of $0.27 per share. By that measure, the company beat the mean analyst estimate of $0.25. It beat the average revenue estimate of $29.55 million.
Quoting Management: “Our first quarter results reflect a great start to 2013. Our investment assets grew 39.4% year-over-year to nearly the billion dollar mark which has translated into record total investment income for the quarter and increased dividends for our shareholders,” said Manuel A. Henriquez, President and Chief Executive Officer of Hercules. “Our warrant portfolio, representing investments in 117 venture backed companies, five of which are on file with the SEC Form S-1 registration statements to complete their initial public offerings, provides additional potential value to our shareholders.”
Key Stats (on next page)…
Revenue increased 13.14% from $27.4 million in the previous quarter. EPS increased 8% from $0.25 in the previous quarter.
Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.26 to a profit $0.27. For the current year, the average estimate has moved up from a profit of $1.09 to a profit of $1.10 over the last ninety days.
Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)