New Mountain Finance Corp reports results for the quarter ended in September 30 - Earnings Summary

Reuters
31 Oct 2024

* New Mountain Finance Corp reported quarterly adjusted earnings of 28 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 38 cents. The mean expectation of seven analysts for the quarter was for earnings of 35 cents per share. Wall Street expected results to range from 34 cents to 36 cents per share.

* Revenue rose 2.3% to $84.28 million from a year ago; analysts expected $94.10 million.

* New Mountain Finance Corp's reported EPS for the quarter was 22 cents​.

* The company reported quarterly net income of $85.77 million.

* New Mountain Finance Corp shares had fallen by 5.0% this quarter and lost 10.5% so far this year.

FORECAST CHANGES

* The mean earnings estimate of analysts had risen by about 0.4% in the last three months.​

* In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell."

* The average consensus recommendation for the closed end funds peer group is also "buy"

Wall Street's median 12-month price target for New Mountain Finance Corp is 13.00 This summary was machine generated from LSEG data October 31 at 02:49 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,

MISSED

Sep. 30 2024 0.35 0.28 Missed

Jun. 30 2024 0.36 0.36 Met

Mar. 31 2024 0.38 0.36 Missed

Dec. 31 2023 0.40 0.40 Met

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