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Pennant Park Investment (NASDAQ: PNNT) announces its next round of earnings this Thursday, November 19. Here is Benzinga's everything-that-matters guide for this Thursday's Q4 earnings announcement.
Net Income, Earnings, And Earnings Per Share
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Earnings and especially earnings per share (EPS) are useful measures of a company's profitability. Total earnings, which is also referred to as net income, equals total revenue minus total expenses. EPS equals to net income divided by the number of shares outstanding.
Earnings And Revenue
Analysts covering Pennant Park Investment modeled for quarterly EPS of $0.16 on revenue of $23.40 million. In the same quarter last year, Pennant Park Investment announced EPS of $0.17 on revenue of $27.93 million.
Why Analyst Estimates And Earnings Surprises Are Important
Wall Street analysts who study this company will publish analyst estimates of revenue and EPS. The averages of all analyst EPS and revenue estimates are called the "consensus estimates"; these consensus estimates can have a significant effect on a company's performance during an earnings release. When a company posts earnings or revenue above or below a consensus estimate, it has posted an "earnings surprise", which can really move a stock depending on the difference between actual and estimated values.
The Wall Street consensus estimate for earnings would represent a 5.88% decrease for the company. Sales would be down 16.21% from the year-ago period. The company's reported EPS has stacked up against analyst estimates in the past like this:
| Quarter | Q3 2020 | Q2 2020 | Q1 2020 | Q4 2019 |
|---|---|---|---|---|
| EPS Estimate | 0.16 | 0.16 | 0.17 | 0.18 |
| EPS Actual | 0.16 | 0.15 | 0.15 | 0.17 |
| Revenue Estimate | 25.90 M | 28.89 M | 27.58 M | 28.49 M |
| Revenue Actual | 25.41 M | 27.54 M | 26.00 M | 27.93 M |
Stock Performance
Shares of Pennant Park Investment were trading at $3.52 as of November 17. Over the last 52-week period, shares are down 40.07%. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release.
Do not be surprised to see the stock move on comments made during its conference call. Pennant Park Investment is scheduled to hold the call at 10:00:00 ET and can be accessed here.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.