Recap: Pennant Park Investment Q4 Earnings
Portfolio Pulse from Benzinga Insights
Pennant Park Investment (NYSE:PNNT) reported Q4 earnings with an EPS of $0.24, beating estimates by 9.09% and surpassing the previous year's revenue by $5.11 million. The company has a history of beating EPS estimates, which has previously led to a share price increase.
November 15, 2023 | 9:20 pm
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Pennant Park Investment reported a positive Q4 earnings beat with an EPS of $0.24, which was higher than the estimated $0.22, and an increase in revenue compared to last year.
Given PNNT's history of beating EPS estimates and the subsequent positive reaction in share price, as seen in the last quarter with a 3.9% increase, it is likely that the stock will experience a similar short-term positive impact. The consistent performance in beating estimates and revenue growth are strong indicators for potential investor confidence and stock price increase.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100