Newtek Business Services Corp reports results for the quarter ended in June - Earnings Summary

NewtekOne

10/08/2021 23:45

* Newtek Business Services Corp  NEWT.OQ  reported quarterly
adjusted earnings of $1.20​​ per share for the quarter ended in
June. The mean expectation of three analysts for the quarter was
for earnings of 74 cents per share.
* Revenue fell 21.6% to $36.59 million from a year ago; 
analysts expected $19.98 million. 
* Newtek Business Services Corp's reported EPS for the quarter
was 77 cents​.
* The mean earnings estimate of analysts had risen by
about 16.8% in the last three months.​ 
* In the last 30 days there have been no negative revisions of
earnings estimates 
* Newtek Business Services Corp shares had fallen by 24.9% this
quarter and gained 33.3% so far this year.
* The company reported quarterly net income of $17.37 million.
* Wall Street's median 12-month price target for Newtek Business
Services Corp is $27.25 
* 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." 
This summary was machine generated August 10 at 10:45 p.m.  ​All
figures in US dollars unless otherwise stated