Medallion Finl: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Medallion Financial Corp. (NASDAQ:MFIN) reported Q4 earnings with an EPS of $0.6, missing estimates by 4.76% against an expected $0.63. Revenue increased by $7.55 million from the same period last year. In the previous quarter, MFIN beat EPS estimates and saw a 12.15% share price increase the following day.
February 20, 2024 | 9:10 pm
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Medallion Financial Corp. reported Q4 earnings with a slight miss on EPS estimates but showed an increase in revenue compared to last year.
Although MFIN missed the EPS estimate by 4.76%, the increase in revenue and the company's history of a positive stock price reaction following the last quarter's earnings beat suggest a neutral to slightly positive outlook. The market may react cautiously due to the earnings miss, but the revenue growth could offset negative sentiment.
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