PennantPark Floating Rate Q3 Adj EPS $0.31 Misses $0.36 Estimate, Sales $37.71M Beat $36.70M Estimate
Portfolio Pulse from mahesh@benzinga.com
PennantPark Floating Rate (NYSE:PFLT) reported Q3 earnings of $0.31 per share, missing the analyst consensus estimate of $0.36 by 13.89%. However, the company reported quarterly sales of $37.71 million, beating the analyst consensus estimate of $36.70 million by 2.76%. This represents a 6.9% increase in earnings and a 46.58% increase in sales compared to the same period last year.
August 09, 2023 | 9:10 pm
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NEUTRAL IMPACT
PennantPark Floating Rate's Q3 earnings missed estimates but sales exceeded expectations. This mixed result could lead to uncertain short-term price movements.
PennantPark Floating Rate's earnings miss could negatively impact the stock price, while the sales beat could have a positive effect. The mixed results make the short-term price direction uncertain.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100