Medallion Financial Corp reports results for the quarter ended in September 30 - Earnings Summary

Medallion Financial

30/10/2024 03:12

* Medallion Financial Corp  MFIN.OQ  reported quarterly
adjusted
earnings of 37 cents​​ per share for the quarter ended September
30, lower than the same quarter last year, when the company
reported EPS of 48 cents.  The mean expectation of
three analysts for the quarter was for earnings of 37 cents per
share. Wall Street expected results to range from 34 cents to 40
cents per share.
    * Revenue rose 8.1% to $52.74 million from a year ago;
analysts
expected $52.30 million. 
    * Medallion Financial Corp's reported EPS for the quarter
was 37
cents​.
    * The company reported quarterly net income of $8.61
million.
    * Medallion Financial Corp shares had risen by 12.9% this
quarter and lost 6.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.9%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

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 October 30 at
03:12 a.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
 Sep. 30 2024      0.37           0.37           Met
 Jun. 30 2024      0.38           0.30           Missed
 Mar. 31 2024      0.36           0.42           Beat
 Dec. 31 2023      0.63           0.60           Missed