Pennant Park Investment Q2 EPS $0.22 Misses $0.24 Estimate, Sales $35.98M Miss $36.34M Estimate
Portfolio Pulse from Benzinga Newsdesk
Pennant Park Investment (PNNT) reported Q2 earnings of $0.22 per share, missing the consensus estimate of $0.24, and sales of $35.98M, missing the estimate of $36.34M. This represents a decrease in both earnings and sales compared to the same period last year.
May 08, 2024 | 9:52 pm
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NEGATIVE IMPACT
Pennant Park Investment's Q2 earnings and sales missed estimates, indicating a year-over-year decline.
Missing both earnings and sales estimates can lead to negative investor sentiment and potentially lower stock prices in the short term. The year-over-year decline further emphasizes the company's current challenges.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100