Medallion Finl Q2 EPS $0.62 Beats $0.36 Estimate, Sales $48.63M Beat $44.65M Estimate
Portfolio Pulse from vinayak@benzinga.com
Medallion Financial Corp. (NASDAQ:MFIN) reported Q2 earnings of $0.62 per share, beating the analyst consensus estimate of $0.36 by 72.22%. This is a 14.81% increase from the same period last year. The company also reported quarterly sales of $48.63 million, beating the analyst consensus estimate of $44.65 million by 8.92%. This is a 5.18% increase from the same period last year.
July 24, 2023 | 8:10 pm
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POSITIVE IMPACT
Medallion Financial's Q2 earnings and sales exceeded estimates, indicating a strong financial performance. This could potentially lead to a positive short-term impact on the company's stock.
Medallion Financial's Q2 earnings and sales exceeded analyst estimates, which is typically seen as a positive sign of the company's financial health and performance. This could lead to increased investor confidence and potentially a rise in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100