NewtekOne Inc reports results for the quarter ended in January - Earnings Summary

NewtekOne

06/05/2024 23:39

* NewtekOne Inc  NEWT.OQ  reported quarterly adjusted
earnings of
38 cents​​ per share for the quarter ended in January, lower
than the same quarter last year, when the company reported EPS
of 45 cents.  The mean expectation of six analysts for the
quarter was for earnings of 25 cents per share. Wall Street
expected results to range from 21 cents to 35 cents per share.
    * Revenue rose 62.6% to $58.27 million from a year ago;
analysts
expected $48.46 million. 
    * NewtekOne Inc's reported EPS for the quarter was 38
cents​.
    * The company reported quarterly net income of $9.25
million.
    * NewtekOne Inc shares had risen by 1.5% this quarter and
lost 19.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 25.1%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the corporate
financial
services peer group is also "hold"

Wall Street's median 12-month price target for NewtekOne Inc is
$13.00 
This summary was machine generated from LSEG data May 6 at 10:38
p.m. UTC. ​All figures in US dollars unless otherwise stated.
(For questions concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2024      0.25           0.38           Beat
 Dec. 31 2023      0.58           0.53           Missed
 Sep. 30 2023      0.36           0.37           Beat
 Jun. 30 2023      0.28           0.26           Missed