Golub Capital BDC Q2 adjusted EPS misses estimates, NAV falls on wider credit spreads

ReutersMay 4, 2026 8:37 PM

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Overview

U.S. business development company's fiscal Q2 adjusted EPS missed analyst expectations
Adjusted net income for fiscal Q2 missed analyst estimates
Net asset value per share declined to $14.35 from $14.84 prior quarter

Outlook

Company did not provide specific guidance for future quarters or full-year results

Result Drivers

SPREAD WIDENING - Co said widening credit spreads led to unrealized depreciation from fair value adjustments, which drove losses in the quarter
PORTFOLIO UNDERPERFORMANCE - Unrealized depreciation from underperformance of certain portfolio companies, including some moved to non-accrual, contributed to losses

Company press release: ID:nBw7P40Rba

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q2 Adjusted EPS	Miss	-$0.18	$0.36 (6 Analysts)
Q2 EPS		-$0.18
Q2 Adjusted Net Income	Miss	-$46.80 mln	$93.50 mln (6 Analysts)
Q2 Net Asset Value Per Share		$14.35

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the investment management & fund operators peer group is "hold."
Wall Street's median 12-month price target for Golub Capital BDC Inc is $14.50, about 5.1% above its May 1 closing price of $13.80
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 10 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

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