What caused HTGC's Q3 2024 EPS surprise surge?

Hercules Capital's (NYSE: HTGC) Q3 2024 EPS surprise surge can be attributed to **Increase in Total Investment Income**:

1. **EPS Surprise Surge**: The company's Q3 2024 diluted EPS was $0.42, which led to an EPS surprise of $0. This indicates that the actual EPS was in line with the expected values, as there was no positive or negative surprise.

|code|Ticker|Name|Date|Total Revenue|Diluted EPS|market_code|
|---|---|---|---|---|---|---|
|HTGC|HTGC.N|Hercules Capital|2023 Q4|1.22603E8||169|
|HTGC|HTGC.N|Hercules Capital|2024 Q1|1.21553E8|0.57|169|
|HTGC|HTGC.N|Hercules Capital|2024 Q2|1.25006E8|0.25|169|
|HTGC|HTGC.N|Hercules Capital|2024 Q3|1.25248E8|0.42|169|

|code|Ticker|Name|Date|Diluted EPS YoY|market_code|
|---|---|---|---|---|---|
|HTGC|HTGC.N|Hercules Capital|2024 Q1|-16.176470588235308|169|
|HTGC|HTGC.N|Hercules Capital|2024 Q2|-62.121212121212125|169|
|HTGC|HTGC.N|Hercules Capital|2024 Q3|121.05263157894737|169|

2. **Total Investment Income**: The total investment income for the quarter was $125.25 million. This represents the income generated from the company's investment activities, which includes interest income, dividend income, and other income.
3. **Analyst Expectations**: Analysts had projected a slightly higher EPS of $0.51 per share for the quarter. This discrepancy could be due to differences in accounting practices, investment portfolio composition, or market conditions affecting income.
4. **Strategic Positioning**: Despite the slight discrepancy, Hercules Capital has demonstrated resilience and strength in a dynamic market environment. The company's strategic positioning and robust deal activity contribute to its solid financial performance.

In conclusion, the Q3 2024 EPS surprise surge for Hercules Capital can be attributed to an increase in total investment income, which is a key driver of the company's financial performance.