Medallion Finl Q2 2024 GAAP EPS $0.30 Misses $0.38 Estimate, Sales $50.967M Beat $49.539M Estimate
Portfolio Pulse from Benzinga Newsdesk
Medallion Financial (NASDAQ:MFIN) reported Q2 2024 earnings per share (EPS) of $0.30, missing the analyst consensus estimate of $0.38 by 21.05%. However, the company reported quarterly sales of $50.967 million, beating the analyst consensus estimate of $49.539 million by 2.88%. This represents a 4.80% increase over sales of $48.633 million in the same period last year.
July 30, 2024 | 8:37 pm
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Medallion Financial reported Q2 2024 EPS of $0.30, missing estimates by 21.05%, but sales of $50.967M beat estimates by 2.88% and increased 4.80% YoY.
The mixed results, with EPS missing but sales beating estimates, create a neutral short-term outlook. The sales beat and YoY growth are positive, but the significant EPS miss could weigh on investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100