New Mountain Finance Q3 2023 EPS $0.40, Inline, Sales $94.35M Miss $94.43M Estimate
Portfolio Pulse from vinayak@benzinga.com
New Mountain Finance (NASDAQ:NMFC) reported Q3 2023 earnings of $0.40 per share, in line with analyst consensus. This is a 25% increase YoY. However, the company's quarterly sales of $94.35M missed the analyst consensus estimate of $94.43M by 0.09%, despite a 20.27% increase YoY.
November 02, 2023 | 8:42 pm
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NEUTRAL IMPACT
New Mountain Finance's Q3 2023 earnings met expectations, but sales slightly missed estimates.
New Mountain Finance's earnings were in line with expectations, which is generally positive for the stock. However, the slight miss on sales could create some negative sentiment, potentially offsetting the positive impact of the earnings match. Therefore, the overall short-term impact on the stock is likely to be neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100