Earnings Preview: New Mountain Finance
Portfolio Pulse from Benzinga Insights
New Mountain Finance (NASDAQ:NMFC) is scheduled to release its quarterly earnings report on 2024-02-26, with analysts expecting an EPS of $0.40. The company's past earnings performance shows mixed results, with a slight increase in share price following last quarter's earnings announcement despite meeting the EPS estimate. Shares are currently trading at $12.69, down 1.32% over the last 52 weeks. Investors are looking for positive guidance for the next quarter.
February 23, 2024 | 4:00 pm
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New Mountain Finance is expected to report an EPS of $0.40 for the latest quarter. Historical performance shows minor fluctuations in stock price post-earnings, with a slight increase last quarter. Shares have decreased by 1.32% over the last year.
Given NMFC's history of slight stock price movements post-earnings and the current downward trend over the last year, the upcoming earnings report could maintain the stock's stability if it meets or exceeds expectations. However, the emphasis on future guidance indicates that any positive or negative forecasts could have a more significant impact on the stock price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100