New Mountain Finance (NMFC) Meets Q2 Earnings Estimates

Core Viewpoint - New Mountain Finance (NMFC) reported quarterly earnings of $0.32 per share, matching the Zacks Consensus Estimate, but down from $0.36 per share a year ago [1] - The company posted revenues of $83.49 million for the quarter, missing the Zacks Consensus Estimate by 1.18% and down from $94.59 million year-over-year [2] Financial Performance - NMFC's earnings have not surpassed consensus EPS estimates over the last four quarters [1] - The company has topped consensus revenue estimates only once in the past four quarters [2] - The current consensus EPS estimate for the upcoming quarter is $0.32 on revenues of $85.76 million, and for the current fiscal year, it is $1.28 on revenues of $342.72 million [7] Market Performance - NMFC shares have declined approximately 7.5% since the beginning of the year, contrasting with the S&P 500's gain of 6.1% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Outlook - The Financial - SBIC & Commercial Industry, to which NMFC belongs, is currently ranked in the bottom 42% of over 250 Zacks industries, suggesting potential underperformance compared to higher-ranked industries [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact NMFC's stock performance [5]