Newtek Business Services Corp expected to post earnings of 68cents a share - Earnings Preview

NewtekOne

05/11/2022 03:26

* Newtek Business Services Corp  NEWT.OQ   NEWT.O  is
expected
to show a rise in quarterly revenue when it reports  results on
November 7. 
    * The Boca Raton Florida-based  company is expected to
report  a
70.2% increase in revenue to $21.113 million from $12.41 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 68 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 4
"hold" and no "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 $22.5​, above​ its last closing price
of $15.70. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Jun. 30 2022  0.70        0.72       0.75      Beat    3.7
 Mar. 31 2022  0.56        0.56       0.72      Beat    28.6
 Dec. 31 2021  0.61        0.61       0.66      Beat    9.1​
 Sep. 30 2021  0.59        0.59       0.56      Missed  -5.1
 ​​Jun.        0.79        0.74       1.20      Beat    61.4
 30 2021                                                
 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. 30 2020  0.05        0.07       0.04      Missed  -38.5
 This summary was machine generated November 5 at 03:25 GMT.  All
figures in US dollars  unless otherwise stated