NewtekOne Raises FY24 EPS From $1.80-$2.00 To $1.85-$2.05
Portfolio Pulse from Benzinga Newsdesk
NewtekOne has increased its forecast for FY24 earnings per share (EPS) from the range of $1.80-$2.00 to $1.85-$2.05.
May 06, 2024 | 8:51 pm
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NewtekOne has revised its FY24 EPS forecast upwards, indicating a positive outlook on its financial performance.
Raising the EPS forecast typically signals management's confidence in the company's future profitability and operational efficiency. This positive adjustment is likely to be viewed favorably by investors, potentially leading to an increase in stock price in the short term as market sentiment around the company improves.
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