NewtekOne (NEWT) Q3 Earnings and Revenues Top Estimates

Core Viewpoint - NewtekOne (NEWT) reported quarterly earnings of $0.45 per share, exceeding the Zacks Consensus Estimate of $0.41 per share, and showing an increase from $0.38 per share a year ago [1][2] Financial Performance - The company achieved revenues of $62.83 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 1.73% and increasing from $50.97 million year-over-year [3] - NewtekOne has surpassed consensus EPS estimates three times over the last four quarters [2][3] Market Performance - NewtekOne shares have declined approximately 4.4% since the beginning of the year, contrasting with the S&P 500's gain of 21.2% [4] - The current Zacks Rank for NewtekOne is 4 (Sell), indicating expectations of underperformance in the near future [7] Earnings Outlook - The consensus EPS estimate for the upcoming quarter is $0.65 on revenues of $71.32 million, and for the current fiscal year, it is $1.90 on revenues of $252.5 million [8] - The estimate revisions trend for NewtekOne has been unfavorable ahead of the earnings release [7] Industry Context - The Financial - Miscellaneous Services industry, to which NewtekOne belongs, is currently ranked in the top 29% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [9]