New Mountain Finance Corp (NMFC, Financial) is set to release its Q3 2024 earnings on Oct 31, 2024. The consensus estimate for Q3 2024 revenue is $94.10 million, and the earnings are expected to come in at $0.35 per share. The full year 2024's revenue is expected to be $371.57 million and the earnings are expected to be $1.28 per share. More detailed estimate data can be found on the Forecast page.
New Mountain Finance Corp (NMFC, Financial) Estimates Trends
Over the past 90 days, revenue estimates for New Mountain Finance Corp (NMFC) for the full year 2024 have increased from $357.55 million to $371.57 million, and for 2025, estimates have risen from $346.97 million to $357.74 million. Conversely, earnings estimates have shown a downward trend, decreasing from $1.33 per share to $1.28 per share for the full year 2024, and from $1.39 per share to $1.37 per share for 2025.
New Mountain Finance Corp (NMFC, Financial) Reported History
In the previous quarter of June 30, 2024, New Mountain Finance Corp's (NMFC) actual revenue was $94.59 million, which beat analysts' revenue expectations of $89.60 million by 5.56%. New Mountain Finance Corp's (NMFC) actual earnings were $0.32 per share, which missed analysts' earnings expectations of $0.36 per share by -11.11%. After releasing the results, New Mountain Finance Corp (NMFC) was down by -0.24% in one day.
New Mountain Finance Corp (NMFC, Financial) 12 Month Price Targets
Based on the one-year price targets offered by 6 analysts, the average target price for New Mountain Finance Corp (NMFC) is $12.83 with a high estimate of $13 and a low estimate of $12. The average target implies an upside of 12.77% from the current price of $11.38.
Based on GuruFocus estimates, the estimated GF Value for New Mountain Finance Corp (NMFC, Financial) in one year is $15.05, suggesting an upside of 32.25% from the current price of $11.38.
Based on the consensus recommendation from 7 brokerage firms, New Mountain Finance Corp's (NMFC, Financial) average brokerage recommendation is currently 2.1, indicating an "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
