Medallion Financial Corp reports results for the quarter ended in March - Earnings Summary

Medallion Financial

30/04/2024 23:19

* Medallion Financial Corp  MFIN.OQ  reported quarterly
adjusted
earnings of 42 cents​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of 67 cents.  The mean expectation of three analysts for the
quarter was for earnings of 36 cents per share. Wall Street
expected results to range from 31 cents to 39 cents per share.
    * Revenue rose 9.9% to $47.92 million from a year ago;
analysts
expected $49.70 million. 
    * Medallion Financial Corp's reported EPS for the quarter
was 42
cents​.
    * The company reported quarterly net income of $10.02
million.
    * Medallion Financial Corp shares had fallen by 0.8% this
quarter and lost 20.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 6.9%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "hold"

Wall Street's median 12-month price target for Medallion
Financial Corp is $12.00 
This summary was machine generated from LSEG data April 30 at
10:19 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2024      0.36           0.42           Beat
 Dec. 31 2023      0.63           0.60           Missed
 Sep. 30 2023      0.45           0.48           Beat
 Jun. 30 2023      0.36           0.62           Beat