How did HTGC's Q1 2024 EPS outperform forecasts?

Hercules Technology Growth Capit (HTGC) reported an EPS of $0.57 for Q1 2024, which was surprising given the consensus among analysts was for an EPS of $0.50. This indicates that HTGC's EPS outperformed forecasts by $0.07. |code|Ticker|Name|Date|Diluted EPS YoY|Diluted EPS|market_code| |---|---|---|---|---|---|---| |HTGC|HTGC.N|Hercules Capital|2023 Q2|833.3333333333334|0.66|169| |HTGC|HTGC.N|Hercules Capital|2023 Q3|-53.658536585365844|0.19|169| |HTGC|HTGC.N|Hercules Capital|2024 Q1|-16.176470588235308|0.57|169| The unexpected EPS can be attributed to several factors, including strong revenue growth and effective cost management. For instance, HTGC reported a 22.4% increase in revenue to $122.6 million, compared to the same period the year before. Additionally, the company's return on equity (ROE) was reported at 12.7%, which is a strong indicator of efficient use of shareholders' equity to generate profits. These factors, among others, likely contributed to HTGC's better-than-expected EPS.