NewtekOne Inc reports results for the quarter ended December 31 - Earnings Summary

• NewtekOne Inc NEWT.OQ reported quarterly adjusted earnings of 69 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of 53 cents. The mean expectation of six analysts for the quarter was for earnings of 66 cents per share. Wall Street expected results to range from 61 cents to 70 cents per share.

• Revenue rose 117.6% to $125.16 million from a year ago; analysts expected $68.87 million.

• NewtekOne Inc's reported EPS for the quarter was 69 cents​.

• The company reported quarterly net income of $17.92 million.

• NewtekOne Inc shares had fallen by 4.5% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 2.6% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

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 $15.00

This summary was machine generated from LSEG data February 27 at 12:36 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)