Newtek Business Services Corp expected to post earnings of 56  cents a share - Earnings Preview

NewtekOne

03/05/2022 03:00

* Newtek Business Services Corp  NEWT.OQ   NEWT.O  is
expected
to show a fall in quarterly revenue when it reports  results on
May 4. 
    * The Boca Raton Florida-based  company is expected to
report  a
53.5% decrease in revenue to $16.135 million from $34.69 million
a year ago, according to the mean estimate from 2 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Newtek Business
Services
Corp is for earnings of 56 cents per share. For the same quarter
last year, the company reported earnings of $1.05 per share.
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 3
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Newtek
Business
Services Corp is $27.25​, above​ its last closing price
of $24.84. ​​​

This summary was machine generated May 3 at 02:00 GMT.  All
figures in US dollars  unless otherwise stated