PhenixFIN (PFX) Q2 Earnings and Revenues Lag Estimates

Company Performance - PhenixFIN reported quarterly earnings of $0.48 per share, missing the Zacks Consensus Estimate of $0.82 per share, representing an earnings surprise of -41.46% [1] - The company posted revenues of $6.02 million for the quarter, missing the Zacks Consensus Estimate by 7.68%, compared to revenues of $4.66 million a year ago [2] - Over the last four quarters, PhenixFIN has surpassed consensus EPS estimates two times and topped consensus revenue estimates two times [2] Market Comparison - PhenixFIN shares have lost about 3.2% since the beginning of the year, while the S&P 500 has declined by 3.9% [3] - The current consensus EPS estimate for the coming quarter is $0.83 on revenues of $6.46 million, and for the current fiscal year, it is $3.71 on revenues of $25.65 million [7] Industry Outlook - The Financial - SBIC & Commercial Industry, to which PhenixFIN belongs, is currently in the bottom 45% of the Zacks industry rankings, indicating potential challenges ahead [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact PhenixFIN's stock performance [5]