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WhiteHorse (WHF)
NASDAQ:WHF
Earnings Data
Report Date
Aug 06, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.31Last Year’s EPS
0.4Same Quarter Last Year
Moderate Sell
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 12, 2025
|% Change Since: -1.82%
|Next Earnings Date:Aug 06, 2025
Earnings Call Sentiment|Negative
The earnings call presented a challenging quarter for WhiteHorse Finance, with significant declines in net investment income, NAV per share, and increased non-accrual investments impacting financial performance. However, the company maintained steady capital deployments, cash resources, and continued its streak of quarterly distributions. The sentiment reflects the negative trends outweighing the positive aspects.Company Guidance
During the WhiteHorse Finance first quarter 2025 earnings call, CEO Stuart Aronson and CFO Joyson Thomas discussed the company's financial performance and provided guidance for future activities. The first quarter results were disappointing, with GAAP net investment income and core net investment income (NII) of $6.8 million, or $0.294 per share, falling short of the quarterly distribution of $0.385 per share. This was a decrease from the Q4 GAAP and core NII of $8 million, or $0.343 per share. Net asset value (NAV) per share declined by 1.6% to $12.11, impacted by net realized losses and markdowns totaling $2.6 million. The portfolio saw gross capital deployments of $45.5 million, offset by $19.4 million in repayments and sales, resulting in net deployments of $26.1 million. The weighted average effective yield on income-producing debt investments decreased to 12.1% from 12.5% in the previous quarter. Non-accrual investments rose to 8.8% of the debt portfolio from 7.2%, affecting the earnings power of the business development company (BDC). The STRS JV portfolio had an aggregate fair value of $310.2 million with an average effective yield of 10.8%. The company is managing challenges related to tariff risks and is focused on diversifying its investments to maintain stability. The board is actively evaluating the quarterly distribution, taking into account the core earnings power and market conditions.Gross Capital Deployments
WhiteHorse Finance achieved gross capital deployments of $45.5 million in Q1 2025, which was partially offset by total repayments and sales of $19.4 million, resulting in net deployments of $26.1 million.
STRS JV Portfolio Performance
The STRS JV portfolio had an aggregate fair value of $310.2 million at the end of Q1 2025, with an average effective yield of 10.8%.
Cash Resources and Credit Facility
The company had cash resources of approximately $19.6 million at the end of Q1 2025, including $8.2 million in restricted cash and approximately $165 million of undrawn capacity available under the revolving credit facility.
First Quarter Distribution
WhiteHorse Finance announced a first quarter distribution of $0.385 per share, consistent with the prior quarter, marking the 51st consecutive quarterly distribution since the IPO in December 2012.
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WHF 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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WHF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 12, 2025 | $9.33 | $9.28 | -0.54% |
Mar 07, 2025 | $10.12 | $9.66 | -4.55% |
Nov 07, 2024 | $10.84 | $10.75 | -0.83% |
Aug 08, 2024 | $10.33 | $9.90 | -4.16% |
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 WhiteHorse (WHF) report earnings?
WhiteHorse (WHF) is schdueled to report earning on Aug 06, 2025, TBA Not Confirmed.
What is WhiteHorse (WHF) earnings time?
WhiteHorse (WHF) earnings time is at Aug 06, 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 WHF EPS forecast?
WHF EPS forecast for the fiscal quarter 2025 (Q2) is 0.31.
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