Medallion Financial Corp. (NASDAQ:MFIN) is set to announce second quarter earning results on Monday 3rd August 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, MFIN to report 2Q20 revenue of $ 27.98 million.
For the full year, analysts anticipate top line of $ 113.31 million, while looking forward to loss of $ 0.28 per share bottom line.
Previous Quarter Performance
Medallion Financial Corp. unveiled loss for the first quarter of $ 0.56 per share, from the revenue of $ 19.56 million. The quarterly earnings decreased 50.00 percent while revenues compared with the same quarter last year.
According to street consensus, revenue of $ 27.20 million was expected for the first quarter The bottom line results street analysts by $ 0.05 or , at the same time, top line results fell short of analysts by $ 7.64 million or 28.09 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of MFIN was $ 3.29, representing a 155.04 % increase from the 52 week low of $ 1.29 and a 55.54 % decrease over the 52 week high of $ 7.40.
The company has a market capital of $ 81.61 million and is part of the Financial Services sector and Credit Services industry.
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Medallion Financial Corp., through with its subsidiaries, operates as a finance company in the United States. It originates, acquires, and services loans that finance taxicab medallions and various types of commercial businesses. The company offers consumer loans for the purchase of recreational vehicles, boats, motorcycles, and trailers, as well as to finance small scale home improvements; and commercial loans for the purchase of equipment and related assets necessary to open a new business, or purchase or improvement of an existing business.
