Business development company New Mountain Finance (NASDAQ: NMFC) will be reporting earnings this Monday after market hours. Here’s what investors should know.
New Mountain Finance missed analysts’ revenue expectations by 1.6% last quarter, reporting revenues of $83.49 million, down 11.7% year on year. It was a slower quarter for the company, with a miss of analysts’ revenue estimates.
Is New Mountain Finance a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting New Mountain Finance’s revenue to decline 12.6% year on year to $83.35 million, a reversal from the 1% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. New Mountain Finance has missed Wall Street’s revenue estimates five times over the last two years.
Looking at New Mountain Finance’s peers in the specialty finance segment, some have already reported their Q3 results, giving us a hint as to what we can expect. PROG’s revenues decreased 1.8% year on year, beating analysts’ expectations by 1.5%, and Hercules Capital reported revenues up 10.3%, in line with consensus estimates. PROG traded down 5% following the results while Hercules Capital was up 1.6%.
Read our full analysis of PROG’s results here and Hercules Capital’s results here.
Debates over possible tariffs and corporate tax adjustments have raised questions about economic stability in 2025. While some of the specialty finance stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 3.1% on average over the last month. New Mountain Finance is up 3.5% during the same time.
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