Pennant Park Investment Q4 EPS $0.24 Beats $0.22 Estimate, Sales $34.04M Miss $34.83M Estimate
Portfolio Pulse from Benzinga Newsdesk
Pennant Park Investment (PNNT) reported Q4 earnings of $0.24 per share, surpassing the consensus estimate of $0.22, a 71.43% increase from the previous year. However, sales of $34.04M fell short of the $34.83M estimate, though they were up 17.67% from the same period last year.
November 15, 2023 | 9:29 pm
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NEUTRAL IMPACT
Pennant Park Investment exceeded EPS estimates but missed on sales for Q4, indicating mixed financial performance.
While beating EPS estimates is positive and could lead to a favorable short-term reaction, the miss on sales forecasts may temper investor enthusiasm. The mixed results create uncertainty, which typically leads to a neutral short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100