NewtekOne (NEWT) Q4 Earnings and Revenues Surpass Estimates

Core Insights - NewtekOne (NEWT) reported quarterly earnings of $0.69 per share, exceeding the Zacks Consensus Estimate of $0.66 per share, and up from $0.53 per share a year ago [1] - The company achieved revenues of $75.37 million for the quarter, surpassing the Zacks Consensus Estimate by 7.93%, compared to $57.53 million in the same quarter last year [3] Earnings Performance - The earnings surprise for the recent quarter was 4.55%, following a previous surprise of 9.76% when earnings were $0.45 per share against an expectation of $0.41 [2] - NewtekOne has consistently surpassed consensus EPS estimates over the last four quarters [2] Revenue Insights - The company has also exceeded consensus revenue estimates in each of the last four quarters [3] - The current consensus EPS estimate for the upcoming quarter is $0.40 on revenues of $63.32 million, and for the current fiscal year, it is $2.12 on revenues of $276.51 million [8] Market Performance - NewtekOne shares have declined approximately 4.5% since the beginning of the year, while the S&P 500 has gained 1.3% [4] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [7] Industry Context - The Financial - Miscellaneous Services industry, to which NewtekOne belongs, is currently ranked in the top 16% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [9]