Newtek Business Services Corp expected to post earnings of 61  cents a share - Earnings Preview

NewtekOne

22/02/2022 03:02

* Newtek Business Services Corp  NEWT.OQ   NEWT.O  is
expected
to show a fall in quarterly revenue when it reports  results on
February 23. 
    * The Boca Raton Florida-based  company is expected to
report  a
11.5% decrease in revenue to $13.083 million from $14.78 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 61 cents per share. For the same quarter
last year, the company reported earnings of 44 cents 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 $27.75​, about 0.9% above​ its last closing
price of $27.50. ​​​
    * Previous quarterly performance (using preferred earnings
measure
in US dollars). ​

 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Sep. 30 2021  0.59        0.59       0.56      Missed  -5.1
 Jun. 30 2021  0.79        0.74       1.20      Beat    61.4
 Mar. 31 2021  1.07        1.08       1.05      Missed  -3.1​
 Dec. 31 2020  0.58        0.56       0.44      Missed  -21.4
 ​​Sep.        0.05        0.07       0.04      Missed  -38.5
 30 2020                                                
 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. 31 2019  0.73        0.71       0.69      Missed  -3.2
 This summary was machine generated February 22 at 03:02 GMT. 
All figures in US dollars  unless otherwise stated