For the quarter ended September 2024, PennantPark (PNNT) reported income of $36.5 million, up 7.2% over the identical interval final 12 months. EPS got here in at $0.22, in comparison with $0.24 within the year-ago quarter.
The reported income represents a shock of +0.36% over the Zacks Consensus Estimate of $36.37 million. With the consensus EPS estimate being $0.22, the corporate has not delivered EPS shock.
Whereas buyers intently watch year-over-year modifications in headline numbers — income and earnings — and the way they examine to Wall Road expectations to find out their subsequent plan of action, some key metrics at all times present a greater perception into an organization’s underlying efficiency.
As these metrics affect top- and bottom-line efficiency, evaluating them to the year-ago numbers and what analysts estimated helps buyers challenge a inventory’s value efficiency extra precisely.
Right here is how PennantPark carried out within the simply reported quarter when it comes to the metrics most generally monitored and projected by Wall Road analysts:
- Funding income- From non-controlled, non-affiliated investments- Different earnings: $1.88 million versus the three-analyst common estimate of $0.77 million.
- Funding income- From non-controlled, non-affiliated investments- Dividend earnings: $0.50 million versus the two-analyst common estimate of $0.86 million.
- Funding income- From managed, affiliated investments- Dividend earnings: $3.94 million versus the two-analyst common estimate of $6.76 million.
- Funding income- From non-controlled, non-affiliated investments- Curiosity: $39.70 million in comparison with the $18.55 million common estimate primarily based on two analysts.
View all Key Company Metrics for PennantPark here>>>
Shares of PennantPark have returned -0.1% over the previous month versus the Zacks S&P 500 composite’s +2.1% change. The inventory presently has a Zacks Rank #2 (Purchase), indicating that it may outperform the broader market within the close to time period.
Zacks’ Analysis Chief Names “Inventory Most More likely to Double”
Our workforce of consultants has simply launched the 5 shares with the best chance of gaining +100% or extra within the coming months. Of these 5, Director of Analysis Sheraz Mian highlights the one inventory set to climb highest.
This prime decide is among the many most progressive monetary corporations. With a fast-growing buyer base (already 50+ million) and a various set of innovative options, this inventory is poised for giant good points. After all, all our elite picks aren’t winners however this one may far surpass earlier Zacks’ Shares Set to Double like Nano-X Imaging which shot up +129.6% in little greater than 9 months.
Free: See Our Top Stock And 4 Runners Up
PennantPark Investment Corporation (PNNT) : Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the creator and don’t essentially mirror these of Nasdaq, Inc.
