Hercules Capital (NYSE:HTGC) Posts Earnings Results, Misses Expectations By $0.24 EPS
Hercules Capital (NYSE:HTGC) reported Q1 EPS of $0.48, beating analyst estimates by $0.01, but missed revenue expectations with $134.94 million against an estimated $141.39 million. The company achieved record new commitments of $1.81 billion and has seen increased leverage and several analyst rating changes, including price target adjustments and a downgrade to "hold" by Weiss Ratings. Despite some negative sentiment regarding legal risks from a Hunterbrook report and Q1 revenue miss, the consensus rating remains "Moderate Buy" with an average price target of $18.04.