Newtek Business Services Corp expected to post earnings of 74 cents a share - Earnings Preview

NewtekOne

31/07/2021 03:01

* Newtek Business Services Corp  NEWT.OQ   NEWT.O  is expected
to show a fall in quarterly revenue when it reports results on
August 3 (estimated). 
* The Boca Raton, Florida-based company is expected to report 
 a 57.2% decrease in revenue to $19.978 million from $46.69
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 74 cents per share. For the
same quarter last year, the company reported earnings of $1.37
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 $35​, about 0.3% above​ its last closing price
of $34.89. ​​​
* Previous quarterly performance (using preferred earnings
measure in US dollars). ​
 QUARTER       STARMINE    REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        SMARTESTIM  IBES                 MET,    SE %
               ATE®        ESTIMATE             MISSED  
 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​
 Jun. 30 2020  1.44        1.46       1.37      Missed  -6.2
 Mar.          0.43​       0.52       0.21      Missed  -59.6​
 31​ 2020​                                              
 Dec. 31 2019  0.73        0.71       0.69      Missed  -3.2​
 Sep. 30 2019  0.54        0.56       0.63      Beat    12.5
 Jun. 30 2019  0.55        0.56       0.57      Beat    1.2
 This summary was machine generated July 31 at 02:01 GMT.  All
figures in US dollars unless otherwise stated