Earnings Preview: Medallion Finl
Portfolio Pulse from Benzinga Insights
Medallion Financial (MFIN) is scheduled to release its quarterly earnings report on February 20, 2024, with analysts expecting an EPS of $0.63. The company's past performance shows a trend of beating EPS estimates, leading to positive stock price movements. Shares are currently trading at $9.35, reflecting a 15.3% increase over the last 52 weeks. Investors are looking forward to not only the earnings results but also the company's guidance for future growth.
February 19, 2024 | 8:01 pm
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Medallion Financial is expected to report an EPS of $0.63 for the upcoming quarter, with a history of beating estimates and positive stock price reactions following earnings announcements.
Given Medallion Financial's history of exceeding EPS estimates and the subsequent positive reactions in its stock price, it is likely that a similar outcome could occur if the company beats the EPS estimate again. The anticipation of positive guidance for future growth further supports a potential increase in stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100