Pennantpark Investment (PNNT) is scheduled to report 3rd quarter earnings on 08/09/2023, after the market closes.
Regarding Q3 estimates, Wall Street analysts expect Pennantpark Investment to post earnings of $0.29 per share. Revenue expectations are pegged at $32.51 million. Last quarter, Pennantpark Investment beat earnings estimates, reporting EPS of $0.26 on estimates of $0.20. The stock rose by 5.85% the day after the last earnings release.
Year-to-date, PNNT stock has risen by 23.53%.
Is Pennantpark Investment Stock a Buy?
Wall Street’s consensus rating for PNNT stock is a Moderate Buy, with an average analyst price target of $6.58, implying downside potential of -0.75% from current levels.
PNNT shares have gained about 17.01% in the past six months.
About Pennantpark Investment
PennantPark Investment Corp. engages in the provision of access to the middle market direct lending. It seeks to create diversified portfolio which includes first lien secured debt, second lien secured debt, subordinated debt and equity investments. The company was founded by Arthur H. Penn on January 11, 2007 and is headquartered in New York, NY.
Stay up-to-date on earnings this week, with TipRanks’ Earnings Calendar.
