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

• NewtekOne Inc NEWT.OQ reported quarterly adjusted earnings of 35 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 38 cents. The mean expectation of six analysts for the quarter was for earnings of 35 cents per share. Wall Street expected results to range from 28 cents to 53 cents per share.

• Revenue rose 94.1% to $113.12 million from a year ago; analysts expected $63.22 million.

• NewtekOne Inc's reported EPS for the quarter was 35 cents​.

• The company reported quarterly net income of $8.97 million.

• NewtekOne Inc shares had fallen by 20.2% this quarter and lost 25.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 12.1% 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 $13.50

This summary was machine generated from LSEG data May 7 at 11:13 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)