NewtekOne Inc reports results for the quarter ended in September 30 - Earnings Summary

NewtekOne

07/11/2024 05:19

* NewtekOne Inc  NEWT.OQ  reported quarterly adjusted
earnings of
45 cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of 37 cents.  The mean expectation of six analysts for the
quarter was for earnings of 43 cents per share. Wall Street
expected results to range from 37 cents to 49 cents per share.
    * Revenue rose 23.3% to $62.83 million from a year ago;
analysts
expected $61.40 million. 
    * NewtekOne Inc's reported EPS for the quarter was 45
cents​.
    * The company reported quarterly net income of $11.53
million.
    * NewtekOne Inc shares had risen by 17.2% this quarter and
gained 5.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3% 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," 6
"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 November 7 at
05:18 a.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
 Sep. 30 2024      0.43           0.45           Beat
 Jun. 30 2024      0.42           0.43           Beat
 Mar. 31 2024      0.25           0.38           Beat
 Dec. 31 2023      0.58           0.53           Missed