Medallion Financial (US:MFIN) ZACKSยท2024-07-30 22:51Company Performance - Medallion Financial reported quarterly earnings of $0.30 per share, missing the Zacks Consensus Estimate of $0.33 per share, and down from $0.62 per share a year ago, representing an earnings surprise of -9.09% [1] - The company posted revenues of $50.97 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 1.16%, and up from $48.63 million year-over-year [2] - Over the last four quarters, Medallion Financial has surpassed consensus EPS estimates two times and topped consensus revenue estimates three times [2] Stock Performance - Medallion Financial shares have lost about 18.2% since the beginning of the year, while the S&P 500 has gained 14.5% [3] - The current consensus EPS estimate for the coming quarter is $0.41 on revenues of $51.46 million, and for the current fiscal year, it is $1.53 on revenues of $205.03 million [7] Industry Outlook - The Financial - SBIC & Commercial Industry, to which Medallion Financial belongs, is currently in the top 42% of over 250 Zacks industries, indicating a favorable outlook [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, suggesting that industry performance can materially impact stock performance [5][8]