NASDAQ$WHF

Whitehorse Finance Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Announced third quarter 2022 earnings results.

WhiteHorse Finance reported a net investment income of $9.8 million, or $0.420 per share, and core net investment income of $8.6 million, or $0.372 per share for the quarter ended September 30, 2022. The investment portfolio totaled $764.6 million and the STRS JV investment portfolio totaled $280.9 million.

  • Net Asset Value of $343.0 million, or $14.76 per share
  • Investment portfolio totaling $764.6 million
  • STRS JV investment portfolio totaling $280.9 million
  • Net investment income of $9.8 million, or $0.420 per share

Headline financials

Total Revenue

-$1.15M

Previous: $18.4M-106.3%
EPS (adj)

$0.37

Previous: $0.37+0.5%
NAV per Share

$14.76

No prior period
Portfolio Yield

11.4%

Previous: 9.3%+22.6%
Free Cash Flow

$3.85M

No prior period
Net Income

$3.85M

Previous: $8.28M-53.5%
Operating Income

-$7.11M

Previous: $8.28M-185.9%
Gross Profit

-$1.15M

No prior period
Cash & Equivalents

$9.86M

Previous: $16.6M-40.6%
Total Assets

$797M

Previous: $730M+9.2%

Revenue & EPS history

Whitehorse Finance · Revenue · Quarterly

-$1.15M

Q3 2022-106.3%vs Q3 2021
Beat estimate in 3 of 11 quarters(27%)
ActualEstimate

Forward guidance

WhiteHorse believes that it will be able to selectively take advantage of market conditions and redeploy capital from repayments into higher yielding investments, which combined with portfolio growth and the performance of the STRS JV, should ultimately lead to earnings accretion and greater coverage of their dividend.

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 Q3 2022

Historical avgQ3 2022

-0.4%

Avg return

Earnings day

-0.1%

Avg return

5 days after

-0.0%

Avg return

30 days after

47%

9 / 19 earnings

Positive

+6.0%

Q4 2025

Best reaction

-6.2%

Q2 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.5%-4.6%-12.2%
Q4 2025+6.0%+17.8%+12.9%
Q3 2025-5.2%-1.0%+7.5%
Q1 2025+0.8%-1.1%-0.4%
Q4 2024-4.5%-5.5%-14.4%
Q3 2024-5.4%-9.5%-9.7%
Q2 2024-2.4%-2.6%+1.9%
Q1 2024+1.3%+0.4%+2.0%
Q4 2023-0.2%+0.5%-0.2%
Q3 2023-1.1%-0.2%+1.6%
Q2 2023-6.2%-5.8%-4.4%
Q1 2023+5.2%+5.5%+15.3%
Q4 2022+2.3%+0.4%-5.2%
Q3 2022+1.6%+4.9%+7.3%
Q2 2022+1.1%+6.0%-2.3%
Q1 2022-2.1%-6.0%-3.9%
Q4 2021-1.8%-3.6%-1.0%
Q3 2021+0.7%-0.1%+0.7%
Q4 2020+2.3%+2.2%+3.8%

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