Gear Up for NewtekOne (NEWT) Q3 Earnings: Wall Street Estimates for Key Metrics

Core Insights - NewtekOne (NEWT) is expected to report quarterly earnings of $0.41 per share, a 7.9% increase year-over-year, with revenues projected at $61.76 million, reflecting a 21.2% year-over-year growth [1] Earnings Projections - There have been no revisions in the consensus EPS estimate for the quarter over the last 30 days, indicating stability in analysts' forecasts [1][2] - Changes in earnings projections are crucial for predicting investor reactions to the stock [2] Key Financial Metrics - Analysts estimate 'Net interest income' to be $10.26 million, up from $8.08 million a year ago [4] - 'Noninterest income- Net gains on sales of loans' is projected to reach $18.76 million, compared to $12.72 million last year [4] - 'Noninterest income- Electronic payment processing income' is expected to be $12.54 million, an increase from $11.19 million [5] - 'Noninterest income- Other noninterest income' is forecasted at $8.79 million, up from $7.65 million [5] - 'Noninterest income- Servicing income' is likely to reach $4.75 million, compared to $4.60 million in the same quarter last year [6] - 'Noninterest income- Technology and IT support income' is estimated at $5.92 million, up from $5.50 million a year ago [6] Stock Performance - NewtekOne shares have increased by 1.7% over the past month, contrasting with a -0.5% change in the Zacks S&P 500 composite [6] - The company holds a Zacks Rank 4 (Sell), indicating expectations of underperformance relative to the overall market in the near term [6]