Pennant Park Investment Q3 2024 GAAP EPS $0.24 Beats $0.20 Estimate, Sales $37.004M Beat $36.658M Estimate
Portfolio Pulse from Benzinga Newsdesk
Pennant Park Investment (NYSE:PNNT) reported Q3 2024 earnings per share (EPS) of $0.24, beating the analyst estimate of $0.20. Sales were $37.004 million, also surpassing the $36.658 million estimate. However, both EPS and sales were down compared to the same period last year.
August 07, 2024 | 9:22 pm
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Pennant Park Investment reported Q3 2024 EPS of $0.24, beating the $0.20 estimate, and sales of $37.004 million, surpassing the $36.658 million estimate. Despite the beats, both EPS and sales were down compared to the same period last year.
The positive earnings and sales beats are likely to have a short-term positive impact on the stock price. However, the year-over-year declines in both EPS and sales may temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100