Recap: New Mountain Finance Q4 Earnings
Portfolio Pulse from Benzinga Insights
New Mountain Finance (NASDAQ:NMFC) reported Q4 earnings with an EPS of $0.4, meeting the estimated earnings but showing no growth compared to the estimate. Revenue increased by $18.90 million from the same period last year. Despite missing EPS estimates in the previous quarter, NMFC's share price increased by 1.0% the following day. The company's revenue has been consistently growing over the past year.
February 26, 2024 | 9:45 pm
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New Mountain Finance reported Q4 earnings with an EPS of $0.4, aligning with estimates, and a significant revenue increase from the previous year.
New Mountain Finance's Q4 earnings report showed no EPS growth compared to estimates but a notable increase in revenue year-over-year. Historically, the company's stock price increased by 1.0% the day after missing EPS estimates last quarter, indicating a potentially stable or slightly positive market reaction to the earnings report. The consistent revenue growth over the past quarters suggests a positive outlook, but the exact match of EPS to estimates may temper immediate stock price movements.
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