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Burford Capital (GB:BUR)
LSE:BUR
Holding GB:BUR?
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Earnings Data
Report Date
Mar 12, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
42.93Last Year’s EPS
36.04Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 13, 2019
|% Change Since: 7.00%
|Next Earnings Date:Jul 25, 2018
Earnings Call Sentiment|Positive
The earnings call presented a strong financial performance for Burford Capital, with significant growth in realizations and cash inflow, alongside robust activity across various regions and case types. However, there are notable challenges, including the impact of deferred compensation on expenses and complex legal issues in the YPF case, which may delay resolution. Overall, the positive aspects outweigh the challenges.Company Guidance
In the third quarter of 2024, Burford Capital reported a strong performance, with key financial metrics indicating significant growth compared to the same period last year. Realizations and net realized gains both nearly doubled, driven by robust portfolio activity that resulted in over $0.5 billion in cash inflows year-to-date. New commitments increased more than fivefold compared to the previous year, highlighting an active quarter despite the traditionally slower summer months. Burford's net income for the quarter reached $136 million, translating to $0.61 per share, with total revenues predominantly comprising 60% net income. The company maintained a strong liquidity position, ending the quarter with $629 million in cash and securities, while its asset management business continued to perform well, contributing $17 million in cash inflows over the first nine months of the year.Strong Quarter Performance
Realizations more than doubled compared to the comparative quarter. Net realized gains also almost doubled. New commitments went up more than 5x over the comparative period.
Record Annual Realizations Pace
Net realized gains through three quarters are already hitting a record annual level.
Robust Year-to-Date Cash Inflow
Brought in well over $0.5 billion during the year, contributing to meaningful liquidity.
Positive Impact from Market Interest Rates
Market interest rates dropped approximately 90 basis points, resulting in slightly less than $100 million of positive impact to fair value.
Strong Capital Provision Direct Realizations
Burford-only capital provision direct realizations of $380 million, representing a 39% increase over the same period last year.
Diverse and Productive Portfolio
Significant activity across various geographical regions and types of cases, with a global presence.
Significant Cash and Securities Position
Ended the third quarter with $629 million of cash and securities, driven by case recoveries and collections on last year's realizations.
Positive Asset Management Performance
Cash inflow of $17 million from the asset management business over the first nine months of the year.
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GB:BUR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GB:BUR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | 1086.00p | 1104.00p | +1.66% |
| Aug 08, 2024 | 989.43p | 974.50p | -1.51% |
| May 13, 2024 | 1242.69p | 1165.39p | -6.22% |
| Mar 14, 2024 | 1064.31p | 1093.05p | +2.70% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Burford Capital (GB:BUR) report earnings?
Burford Capital (GB:BUR) is schdueled to report earning on Mar 12, 2025, TBA Not Confirmed.
What is Burford Capital (GB:BUR) earnings time?
Burford Capital (GB:BUR) earnings time is at Mar 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Burford Capital stock?
The P/E ratio of Burford Capital is N/A.
What is GB:BUR EPS forecast?
GB:BUR EPS forecast for the fiscal quarter 2024 (Q4) is 42.93.
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