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

NewtekOne

08/11/2022 24:18

* Newtek Business Services Corp  NEWT.OQ  reported quarterly
adjusted earnings of 62 cents​​ per share for the quarter ended
in September. The mean expectation of three analysts for the
quarter was for earnings of 68 cents per share.
    * Revenue rose 90% to $23.58 million from a year ago;
analysts
expected $21.11 million. 
    * Newtek Business Services Corp's reported EPS for the
quarter was
47 cents​.
    * The mean earnings estimate of analysts had risen by
about 13.7%
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 fallen by 3.8%
this
quarter and lost 43.2% so far this year.
    * The company reported quarterly net income of $11.36
million.
    * Wall Street's median 12-month price target for Newtek
Business
Services Corp is $22.50 
    * 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." 

This summary was machine generated from Refinitiv data November
8 at 12:18 a.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      0.68           0.62           Missed
 Jun. 30 2022      0.72           0.75           Beat
 Mar. 31 2022      0.56           0.72           Beat
 Dec. 31 2021      0.61           0.66           Beat