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

NewtekOne

08/05/2023 23:34

* NewtekOne Inc  NEWT.OQ  reported quarterly adjusted
earnings of
45 cents​​ per share for the quarter ended in March. The mean
expectation of five analysts for the quarter was for earnings of
36 cents per share.
    * Revenue rose 76.1% to $35.84 million from a year ago. 
    * NewtekOne Inc's reported EPS for the quarter was 45
cents​.
    * The mean earnings estimate of analysts had fallen by
about 20%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * NewtekOne Inc shares had fallen by 9.5% this quarter and
lost 28.7% so far this year.
    * The company reported quarterly net income of $11.43
million.
    * Wall Street's median 12-month price target for NewtekOne
Inc is
$13.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
8 at 10:34 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.36           0.45           Beat
 Dec. 31 2022      0.63           0.06           Missed
 Sep. 30 2022      0.68           0.62           Missed
 Jun. 30 2022      0.72           0.75           Beat