NewtekOne Q3 2023 EPS $0.38 Beats $0.36 Estimate, Sales $50.97M Miss $53.78M Estimate
Portfolio Pulse from vinayak@benzinga.com
NewtekOne (NASDAQ:NEWT) reported Q3 2023 earnings of $0.38 per share, beating the analyst consensus estimate of $0.36 by 5.56%. However, this is a 38.71% decrease from the same period last year. The company's quarterly sales of $50.97 million missed the analyst consensus estimate of $53.78 million by 5.22%, but it's a 116.17% increase from the same period last year.
November 07, 2023 | 10:35 pm
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NewtekOne's Q3 2023 earnings beat estimates but are down YoY. Sales missed estimates but are up YoY.
NewtekOne's earnings beat estimates, which is positive for the stock. However, the YoY decrease in earnings and the missed sales estimates could negatively impact the stock. The YoY increase in sales is a positive factor.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100