NewtekOne Q2 EPS $0.26 Misses $0.28 Estimate, Sales $52.10M Beat $51.69M Estimate
Portfolio Pulse from mahesh@benzinga.com
NewtekOne reported Q2 earnings of $0.26 per share, missing the analyst consensus estimate of $0.28 by 7.14%. This is a 65.33% decrease from the same period last year. However, the company reported quarterly sales of $52.10 million, beating the estimate of $51.69 million by 0.80%. This is a 170.99% increase from the same period last year.
August 04, 2023 | 12:19 pm
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NewtekOne's Q2 earnings missed estimates but sales exceeded expectations. The company's earnings per share decreased by 65.33% YoY, while sales increased by 170.99% YoY.
NewtekOne's missed earnings could negatively impact the stock price in the short term. However, the significant increase in sales could offset some of this negative impact. The overall impact is likely to be negative due to the missed earnings, which is a key metric for investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100