NewtekOne Q1 2024 GAAP EPS $0.38 Beats $0.26 Estimate, Sales $58.273M Beat $48.462M Estimate
Portfolio Pulse from Benzinga Newsdesk
NewtekOne (NASDAQ:NEWT) reported Q1 2024 earnings of $0.38 per share, surpassing the $0.26 estimate, a 15.56% decrease from last year's $0.45. Sales reached $58.273M, beating the $48.462M estimate, marking a 23.02% increase from the previous year.
May 06, 2024 | 8:25 pm
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NewtekOne reported a significant beat on both earnings and sales estimates for Q1 2024, with a 46.15% beat on EPS estimates and a 20.24% beat on sales estimates.
The substantial beat on both earnings per share and sales estimates for NewtekOne indicates strong financial performance and operational efficiency. This outperformance, especially in a year-over-year comparison, is likely to instill investor confidence and could lead to a positive short-term impact on the stock price. The company's ability to exceed analyst expectations by a significant margin suggests robust growth and operational capabilities, which are key factors investors look for.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100