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Compared to Estimates, MidCap Financial (MFIC) Q3 Earnings: A Look at Key Metrics
MFICMidCap Financial Investment (MFIC) ZACKS·2024-11-07 15:35

Core Insights - MidCap Financial Investment (MFIC) reported revenue of 82.14millionforQ32024,a20.582.14 million for Q3 2024, a 20.5% increase year-over-year, with an EPS of 0.44 compared to 0.43ayearago[1]−TherevenuefellshortoftheZacksConsensusEstimateby0.650.43 a year ago [1] - The revenue fell short of the Zacks Consensus Estimate by 0.65%, while the EPS exceeded the consensus estimate by 2.33% [1] Financial Performance Metrics - Interest income was reported at 77.40 million, which is a 25% year-over-year increase but below the average estimate of 80.11million[3]−Otherincomereached80.11 million [3] - Other income reached 1 million, slightly below the average estimate of 1.01million,reflectingasignificantyear−over−yearincreaseof263.61.01 million, reflecting a significant year-over-year increase of 263.6% [3] - Dividend income surged to 0.70 million, compared to the estimated $0.19 million, marking a remarkable year-over-year increase of 573.1% [3] Stock Performance - Over the past month, MidCap Financial's shares returned +1%, underperforming the Zacks S&P 500 composite's +3.2% change [4] - The stock currently holds a Zacks Rank 5 (Strong Sell), indicating potential underperformance relative to the broader market in the near term [4]