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

NewtekOne

09/11/2021 04:23

* Newtek Business Services Corp  NEWT.OQ  reported quarterly
adjusted earnings of 56 cents​​ per share for the quarter ended
in September. The mean expectation of three analysts for the
quarter was for earnings of 59 cents per share.
* Revenue fell 16.9% to $12.41 million from a year ago; 
analysts expected $14.07 million. 
* Newtek Business Services Corp's reported EPS for the quarter
was 74 cents​.
* The mean earnings estimate of analysts had fallen by
about 14.9% 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 risen by 14.5% this
quarter and gained 61.2% so far this year.
* The company reported quarterly net income of $16.61 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 November 9 at 04:23 a.m.
 ​All figures in US dollars unless otherwise stated