New Mountain Finance Q4 2023 GAAP EPS $0.40, Inline, Sales $92.80M Miss $93.28M Estimate
Portfolio Pulse from Benzinga Newsdesk
New Mountain Finance (NMFC) reported Q4 2023 earnings of $0.40 per share, meeting analyst estimates. However, their quarterly sales of $92.80M missed the consensus estimate of $93.28M by 0.51%, despite being a 25.58% increase from the same period last year.
February 26, 2024 | 9:44 pm
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New Mountain Finance reported Q4 2023 earnings per share of $0.40, aligning with estimates, but their sales of $92.80M fell short of the $93.28M estimate by 0.51%, marking a 25.58% increase from the previous year.
While NMFC met earnings estimates, the slight miss in sales expectations could temper investor enthusiasm in the short term. However, the significant year-over-year sales growth indicates underlying strength, likely neutralizing any negative impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100