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

NewtekOne

12/05/2021 24:43

* Newtek Business Services Corp  NEWT.OQ  reported quarterly
adjusted earnings of $1.05​​ per share for the quarter ended
in March. The mean expectation of three analysts for the quarter
was for earnings of $1.08 per share.
* Revenue rose 119.6% to $34.69 million from a year ago; 
analysts expected $29.30 million. 
* Newtek Business Services Corp's reported EPS for the quarter
was $1.35​.
* The mean earnings estimate of analysts had risen by
about 130.5% in the last three months.​ 
* In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
* Newtek Business Services Corp shares had risen by 4.7% this
quarter and gained 42.0% so far this year.
* The company reported quarterly net income of $30.12 million.
* Wall Street's median 12-month price target for Newtek Business
Services Corp is $23.00 
* The current average analyst rating on the shares is "buy" and
the breakdown of recommendations is 1 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
This summary was machine generated May 11 at 11:43 p.m. GMT.
​All figures in US dollars