NewtekOne Q2 2024 GAAP EPS $0.43 Beats $0.41 Estimate, Sales $61.146M Beat $59.895M Estimate
Portfolio Pulse from Benzinga Newsdesk
NewtekOne (NASDAQ:NEWT) reported Q2 2024 earnings per share (EPS) of $0.43, surpassing the analyst estimate of $0.41. This represents a 59.26% increase from the previous year's EPS of $0.27. The company also reported sales of $61.146 million, exceeding the analyst estimate of $59.895 million and marking a 17.36% increase from the previous year's sales of $52.101 million.
August 05, 2024 | 8:37 pm
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NewtekOne (NASDAQ:NEWT) reported Q2 2024 EPS of $0.43, beating the estimate of $0.41 and showing a 59.26% increase from last year. Sales also exceeded expectations at $61.146 million, a 17.36% increase from the previous year.
NewtekOne's strong earnings and sales performance, both exceeding analyst estimates, indicate positive financial health and growth. This is likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100