MidCap Financial Q2 EPS $0.46 Beats $0.44 Estimate, Sales $68.17M Miss $68.67M Estimate
Portfolio Pulse from Benzinga Newsdesk
MidCap Financial (NASDAQ:MFIC) reported Q2 earnings of $0.46 per share, beating the analyst consensus estimate of $0.44 by 4.55%. This is an 84% increase from the same period last year. However, the company's quarterly sales of $68.17 million missed the analyst consensus estimate of $68.67 million by 0.72%, though it's a 15.78% increase from last year.
November 07, 2023 | 8:11 pm
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MidCap Financial's Q2 earnings beat estimates but sales missed the consensus. Earnings per share increased by 84% YoY, while sales increased by 15.78% YoY.
MidCap Financial's earnings beat estimates, which is a positive signal for investors. However, the company's sales missed the consensus, which could be a concern. The YoY increase in both earnings and sales indicates growth, but the missed sales estimate may temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100