NewtekOne Expects 2024 EPS In The Range Of $1.80-$2.00 Vs. $1.84 Consensus
Portfolio Pulse from Benzinga Newsdesk
NewtekOne, under the leadership of CEO Barry Sloane, reported a full year as a financial holding company with EPS of $1.71 (basic) and $1.70 (diluted), aligning with their guidance. For 2024, they forecast an EPS range of $1.80-$2.00, indicating an 11% increase from 2023 and highlighting their unique, non-interest-bearing revenue model.
March 06, 2024 | 6:15 am
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NewtekOne forecasts an EPS range of $1.80-$2.00 for 2024, indicating an 11% increase from 2023, showcasing the strength of their non-interest-bearing revenue model.
The positive earnings forecast for 2024 by NewtekOne, indicating an 11% increase to the midpoint of the forecasted range, is likely to be viewed favorably by investors. The company's emphasis on its unique, non-interest-bearing revenue model as a key driver for this growth further strengthens the case for potential stock appreciation. Given the specificity of the forecast and the company's confidence in achieving double-digit EPS growth, investor sentiment is expected to be positively influenced in the short term.
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IMPORTANCE 90
RELEVANCE 100