Medallion Financial Corp. (NASDAQ:MFIN) is expected to report third quarter earnings results, before market open, on Monday 2nd November 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.11 per share.
Looking ahead, the full year loss are expected at $ 0.47 per share on the revenues of $ 112.36 million.
Previous Quarter Performance
Medallion Financial Corp. recorded loss for the second quarter of $ 0.16 per share, from the revenue of $ 30.01 million. The quarterly revenues up 29.41 percent compared with the same quarter last year. The consensus estimates are $ 27.98 million in revenue The top line results outshined analysts by $ 2.03 million or 7.26 percent.
Stock Performance
On Friday, shares of Medallion Financial Corp. has traded high as $ 2.72 and has cracked $ 2.47 on the downward trend, reaching $ 2.63 with volume of 44.70 thousand shares.
According to the previous trading day, closing price of $ 2.63, representing a 95.35 % increase from the 52 week low of $ 1.29 and a 65.95 % decrease over the 52 week high of $ 7.40.
The company has a market capital of $ 65.27 million and is part of the Financial Services sector and Credit Services industry.
Recent Analyst recommendations
- On 9th October 2020, maintained by Piper Sandler at Neutral rating, with $ 3.00 target price.
Conference Call
Medallion Financial Corp. will be hosting a conference call at 9:00 AM eastern time on 2nd November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.medallion.com
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.
