PennantPark Investment Corporation (NASDAQ:PNNT) delivered a profit and met Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
PennantPark Investment Corporation Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 3.57% to $0.27 in the quarter versus EPS of $0.28 in the year-earlier quarter.
Revenue: Rose 95.71% to $33.72 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: PennantPark Investment Corporation reported adjusted EPS income of $0.27 per share. By that measure, the company met the mean analyst estimate of $0.27. It missed the average revenue estimate of $34.01 million.
Key Stats (on next page)…
Revenue decreased 23.31% from $43.97 million in the previous quarter. EPS increased 28.57% from $0.21 in the previous quarter.
Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.28 and has not changed. For the current year, the average estimate has moved down from a profit of $1.11 to a profit of $1.04 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)