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PhenixFIN Third Quarter 2024 Earnings: Beats Expectations

In This Article:

PhenixFIN (NASDAQ:PFX) Third Quarter 2024 Results

Key Financial Results

  • Revenue: US$6.23m (up 29% from 3Q 2023).

  • Net income: US$2.61m (down 71% from 3Q 2023).

  • Profit margin: 42%.

  • EPS: US$1.29 (down from US$4.27 in 3Q 2023).

earnings-and-revenue-history
NasdaqGM:PFX Earnings and Revenue History August 8th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

PhenixFIN Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 21%. Earnings per share (EPS) also surpassed analyst estimates by 98%.

Looking ahead, revenue is expected to decline by 13% p.a. on average during the next 2 years, while revenues in the Capital Markets industry in the US are expected to grow by 5.3%.

Performance of the American Capital Markets industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

Be aware that PhenixFIN is showing 4 warning signs in our investment analysis and 2 of those are significant...

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.