Medallion Financial (US:MFIN) ZACKS·2024-10-29 23:01Core Insights - Medallion Financial (MFIN) reported revenue of $53.32 million for the quarter ended September 2024, marking a year-over-year increase of 0.4% and exceeding the Zacks Consensus Estimate by 0.84% [1] - The company's EPS for the same period was $0.37, down from $0.48 a year ago, but it surpassed the consensus estimate of $0.36 by 2.78% [1] Financial Performance Metrics - The write-down of loan collateral in the process of foreclosure was -$0.02 million, better than the estimated -$0.30 million by analysts [3] - Total other income (loss), net, was reported at $0.59 million, below the average estimate of $0.83 million [3] - Net Interest Income reached $52.74 million, exceeding the average estimate of $52.06 million [3] Stock Performance - Medallion Financial's shares have returned +12.9% over the past month, significantly outperforming the Zacks S&P 500 composite's +1.7% change [4] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [4]