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

NewtekOne

05/08/2024 23:09

* NewtekOne Inc  NEWT.OQ  reported quarterly adjusted
earnings of
43 cents​​ per share for the quarter ended in June, higher than
the same quarter last year, when the company reported EPS of 26
cents.  The mean expectation of six analysts for the quarter was
for earnings of 42 cents per share. Wall Street expected
results to range from 38 cents to 44 cents per share.
    * Revenue rose 67.4% to $87.21 million from a year ago;
analysts
expected $59.90 million. 
    * NewtekOne Inc's reported EPS for the quarter was 43
cents​.
    * The company reported quarterly net income of $10.55
million.
    * NewtekOne Inc shares had risen by 3.9% this quarter and
lost 5.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.2%
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 August 5 at
10:09 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
 Jun. 30 2024      0.42           0.43           Beat
 Mar. 31 2024      0.25           0.38           Beat
 Dec. 31 2023      0.58           0.53           Missed
 Sep. 30 2023      0.36           0.37           Beat