Earnings Outlook For NewtekOne
Portfolio Pulse from Benzinga Insights
NewtekOne (NASDAQ:NEWT) is scheduled to release its quarterly earnings report on March 5, 2024, with an expected EPS of $0.58. Investors are hopeful for a beat on this estimate and positive future guidance. Historically, NewtekOne's stock price has been sensitive to earnings performance and guidance. Despite beating EPS estimates in the past, the stock experienced mixed price reactions. Currently, shares are trading at $11.29, reflecting a 25.99% decline over the last year, indicating investor concern ahead of the earnings announcement.
March 04, 2024 | 9:01 pm
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NewtekOne is expected to report an EPS of $0.58 for the upcoming quarter. Historical data shows mixed stock reactions to past earnings, with a notable 25.99% decline over the last year.
Given NewtekOne's history of mixed stock reactions to earnings announcements and the significant decline in its stock price over the past year, the upcoming earnings report is crucial. However, the exact impact on the stock price will depend on whether the company meets or exceeds the EPS estimate and provides positive future guidance. The historical context suggests cautious optimism but also prepares investors for potential volatility.
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