Newtek Business Services Corp expected to post earnings of $1.08 a share - Earnings Preview

NewtekOne

07/05/2021 21:01

* Newtek Business Services Corp  NEWT.OQ   NEWT.O  is expected
to show a rise in quarterly revenue when it reports results on
May 11 .
* The Boca Raton, Florida-based company is expected to report 
 a 85.4% increase in revenue to $29.301 million from $15.8
million a year ago, according to the mean estimate from 3
analysts, based on Refinitiv data. 
​* Refinitiv's mean analyst estimate for Newtek Business
Services Corp is for earnings of $1.08 per share. For the same
quarter last year, the company reported earnings of 21 cents per
share.
* The current average analyst rating on the shares is "buy" and
the breakdown of recommendations is 1 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
* The mean earnings estimate of analysts had risen by
about 28.7% in the last three months. ​
* Wall Street's median 12-month price target for Newtek Business
Services Corp is $23​, about 21.3% below​ its last closing price
of $27.91. ​​​
* Previous quarterly performance (using preferred earnings
measure in US dollars). ​
 QUARTER       STARMINE    REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        SMARTESTIM  IBES                 MET,    SE %
               ATE®        ESTIMATE             MISSED  
 Dec. 31 2020  0.58        0.56       0.44      Missed  -21.4
 Sep. 30 2020  0.05        0.07       0.04      Missed  -38.5
 Jun. 30 2020  1.44        1.46       1.37      Missed  -6.2​
 Mar. 31 2020  0.43        0.52       0.21      Missed  -59.6
 Dec.          0.73​       0.71       0.69      Missed  -3.2​
 31​ 2019​                                              
 Sep. 30 2019  0.54        0.56       0.63      Beat    12.5​
 Jun. 30 2019  0.55        0.56       0.57      Beat    1.2
 Mar. 31 2019  0.41        0.41       0.44      Beat    7.3
 This summary was machine generated May 7 at 20:01 GMT.  All
figures in US dollars unless otherwise stated