PennantPark Q1 EPS Falls 8.5% to $0.27, Revenue Beats by 1.7%
PennantPark Floating Rate Capital reported adjusted Q1 EPS of $0.27, missing the $0.30 consensus by 8.5% and down from $0.33 a year ago. Quarterly revenue rose 4.6% year-over-year to $70.09 million, exceeding estimates by 1.7%.
1. Q1 Earnings Miss
PennantPark Floating Rate Capital reported adjusted EPS of $0.27 for Q1, falling short of the $0.30 consensus by 8.5% and down from $0.33 a year earlier.
2. Revenue Surpasses Estimates
The company generated $70.09 million in quarterly revenue, a 4.6% increase year-over-year, exceeding estimates by 1.7%.
3. Recent Estimate Trends
EPS has missed consensus for four consecutive quarters while revenue topped estimates twice over the last four periods, resulting in a Hold rating.
4. YTD Performance and Outlook
Shares have gained 2.6% year-to-date versus a 1.3% S&P 500 increase; next-quarter consensus stands at $0.29 EPS on $67.42 million revenue, with full-year estimates of $1.17 EPS on $271.73 million.