NewtekOne Q4 EPS $0.53 Misses $0.58 Estimate, Sales $57.53M Miss $63.35M Estimate
Portfolio Pulse from Benzinga Newsdesk
NewtekOne (NASDAQ:NEWT) reported Q4 earnings of $0.53 per share, missing the consensus estimate of $0.58, and sales of $57.53M, below the $63.35M estimate. Despite the miss, earnings and sales significantly increased from the same period last year.
March 06, 2024 | 6:11 am
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NewtekOne's Q4 earnings and sales missed estimates but showed significant year-over-year growth.
While NewtekOne missed analyst estimates for both earnings per share and sales, the substantial year-over-year growth in both metrics suggests a strong underlying business performance. This mixed result could lead to neutral short-term stock price movement as investors weigh the miss against the growth.
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