NewtekOne (NEWT) reported $57.53 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 149.2%. EPS of $0.53 for the same period compares to $0.06 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $62.99 million, representing a surprise of -8.66%. The company delivered an EPS surprise of -8.62%, with the consensus EPS estimate being $0.58.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how NewtekOne performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
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Net interest income: $8.30 million compared to the $8 million average estimate based on three analysts.
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Noninterest income- Servicing income: $4.99 million versus the two-analyst average estimate of $4.76 million.
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Noninterest income- Net gains on sales of loans: $17.25 million versus the two-analyst average estimate of $19 million.
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Noninterest income- Electronic payment processing income: $10.66 million compared to the $13.31 million average estimate based on two analysts.
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Total noninterest income: $49.23 million versus the two-analyst average estimate of $56.31 million.
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Noninterest income- Dividend income: $0.36 million compared to the $0.44 million average estimate based on two analysts.
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Noninterest income- Technology and IT support income: $6.46 million compared to the $6.19 million average estimate based on two analysts.
View all Key Company Metrics for NewtekOne here>>>
Shares of NewtekOne have returned -3.7% over the past month versus the Zacks S&P 500 composite's +3.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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NewtekOne, Inc. (NEWT) : Free Stock Analysis Report