NASDAQ$SSSS

SuRo Capital Corp · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Reported financial results for the quarter ended March 31, 2021.

SuRo Capital reported its financial results for the quarter ended March 31, 2021. The company's net assets totaled approximately $436.0 million, or $18.01 per share. The Board of Directors declared a $2.50 per share dividend to shareholders.

  • Net asset value of $18.01 per share as of March 31, 2021.
  • Board of Directors declared $2.50 per share dividend.
  • Reached highest absolute and highest dividend-adjusted net asset value per share since inception.
  • Held positions in 32 portfolio companies with an aggregate fair value of approximately $275.8 million.

Headline financials

Total Revenue

$291K

Previous: $252K+15.7%
EPS (adj)

-$0.14

Previous: -$0.17+17.6%
Net Income

$436M

Previous: -$23.7M+1940.3%
Cash & Equivalents

$292M

Previous: $51.3M+470.0%

Revenue & EPS history

SuRo Capital · Revenue · Quarterly

$291K

Q1 2021+15.7%vs Q1 2020
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Forward guidance

SuRo Capital believes that the record NAV, driven by developments within its current portfolio, has demonstrated the ability of SuRo Capital to drive long-term shareholder value. The significant cash balance generated by exits, combined with new investments and opportunities within the SPAC universe, is expected to create long-term shareholder value.

Tailwinds

  • Record NAV driven by developments within current portfolio.
  • Demonstrated ability to drive long-term shareholder value.
  • Significant cash balance generated by exits.
  • Compelling new investments made to date in 2021.
  • Unique opportunities leveraging proprietary access within the SPAC universe.

Headwinds

  • Impact of the COVID-19 pandemic.
  • Market volatility that may be detrimental to our business.
  • Risks associated with portfolio companies.
  • Risks associated with the industry.
  • Risks associated with the global economy.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+0.2%

Avg return

Earnings day

+0.9%

Avg return

5 days after

+1.7%

Avg return

30 days after

52%

31 / 60 earnings

Positive

+14.1%

Q2 2021

Best reaction

-18.8%

Q4 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+5.0%+1.1%+3.1%
Q4 2025+5.8%+7.9%+12.8%
Q3 2025+1.7%+4.1%-3.9%
Q1 2025+2.3%+7.3%+42.1%
Q4 2024+9.9%-0.9%+14.4%
Q3 2024-1.6%-2.5%+17.5%
Q2 2024-1.1%+0.5%+2.1%
Q1 2024+0.5%-0.8%+6.0%
Q4 2023-0.5%+0.0%-8.5%
Q3 2023-3.6%-3.6%+4.6%
Q2 2023-5.3%-5.3%-5.1%
Q1 2023-1.1%-0.3%-3.7%
Q4 2022+0.7%+13.0%+19.5%
Q3 2022-9.7%-0.9%-13.4%
Q2 2022-0.5%+2.3%-7.1%
Q1 2022-0.7%-5.4%-9.8%
Q4 2021-18.8%-24.7%-23.7%
Q3 2021+6.8%+7.9%-16.0%
Q2 2021+14.1%+21.9%+6.1%
Q1 2021+5.5%+2.0%-4.4%
Q4 2020+2.2%+3.4%+16.8%
Q3 2020+14.0%+8.3%+41.7%
Q2 2020+9.5%+1.7%-3.4%
Q1 2020+1.3%-2.4%+4.6%
Q4 2019-15.9%-11.8%+4.8%
Q3 2019+0.4%+0.6%+1.5%
Q2 2019+2.4%-2.8%-1.9%
Q1 2019+3.8%-3.3%-5.7%
Q4 2018+1.2%+4.0%-4.9%
Q3 2018+2.7%-0.6%-9.1%
Q2 2018+2.5%+5.1%+2.2%
Q1 2018-1.5%+0.1%-1.2%
Q4 2017-2.4%-6.5%-17.5%
Q3 2017+2.0%+7.7%+4.4%
Q2 2017+12.8%+13.0%+23.7%
Q1 2017-1.1%+0.0%+0.0%
Q4 2016-13.8%-11.9%-15.3%
Q3 2016+2.0%+9.1%+8.7%
Q2 2016-1.2%-4.0%-16.4%
Q1 2016+0.0%
Q4 2015-3.5%
Q3 2015+3.4%
Q2 2015-1.6%
Q1 2015+0.7%
Q4 2014-2.4%
Q3 2014-1.2%
Q2 2014+3.3%
Q1 2014-0.7%
Q4 2013+0.8%
Q3 2013-1.0%
Q2 2013+4.8%
Q1 2013-3.1%
Q4 2012-6.6%
Q3 2012-7.0%
Q2 2012-1.3%
Q1 2012-6.8%
Q4 2011+1.7%
Q3 2011+4.1%
Q2 2011+0.4%
Q1 2011-4.6%

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