NASDAQ$OFS
Ofs Capital Corp · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Announced financial results for the fiscal quarter ended June 30, 2022 and declared a distribution of $0.29 per common share for the third quarter of 2022.
OFS Capital Corporation announced its financial results for the second quarter of 2022, reporting a net investment income of $6.2 million, or $0.47 per common share. The company's net asset value per common share was $14.57 as of June 30, 2022.
- Net investment income was $6.2 million, or $0.47 per common share.
- Adjusted net investment income was $3.3 million, or $0.24 per common share.
- Net loss on investments was $1.12 per common share, primarily due to unrealized losses.
- Net asset value per common share was $14.57 as of June 30, 2022, a decrease from $15.52 at March 31, 2022.
Headline financials
Revenue & EPS history
OFS Capital · Revenue · Quarterly
$10.4M
Forward guidance
OFS Capital believes its balance sheet is well positioned to navigate through an uncertain economic environment with rising interest rates and a slow down in the economy.
Tailwinds
- Balance sheet is well positioned to navigate through an uncertain economic environment
- High percentage of floating rate loans in the portfolio
- Majority of liabilities have a fixed rate of interest
- Approximately, 98% of loan portfolio is senior secured
- 93% of loans are floating rate
Headwinds
- Uncertain economic environment
- Rising interest rates
- Slow down in the economy
- No assurance that such a composition will lead to future success
- Net losses of $15.1 million in the second quarter of 2022
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q2 2022
+1.2%
Avg return
Earnings day
-0.5%
Avg return
5 days after
-0.6%
Avg return
30 days after
53%
10 / 19 earnings
Positive
+14.2%
Q3 2022
Best reaction
-8.1%
Q4 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.2% | -2.0% | -14.4% | |
| Q4 2025 | -3.9% | -6.7% | -17.9% | |
| Q3 2025 | -0.1% | -26.9% | -32.0% | |
| Q1 2025 | -1.2% | -3.1% | -6.4% | |
| Q4 2024 | +4.2% | +6.9% | +8.6% | |
| Q3 2024 | -1.0% | -2.3% | -0.5% | |
| Q2 2024 | -5.0% | -5.3% | -4.8% | |
| Q1 2024 | -2.5% | -2.4% | +0.6% | |
| Q4 2023 | -8.1% | -8.5% | -12.5% | |
| Q3 2023 | +1.7% | +5.5% | +9.8% | |
| Q2 2023 | +0.3% | -1.7% | +5.0% | |
| Q1 2023 | +1.1% | +3.0% | -1.4% | |
| Q4 2022 | +8.2% | +7.7% | +4.1% | |
| Q3 2022 | +14.2% | +11.3% | +13.0% | |
| Q2 2022 | -0.1% | -2.2% | -6.8% | |
| Q1 2022 | -2.5% | -0.9% | +2.6% | |
| Q4 2021 | +9.1% | +10.9% | +33.1% | |
| Q3 2021 | +3.4% | +0.9% | +0.2% | |
| Q4 2020 | +4.3% | +7.0% | +7.9% |
Discussion
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