NewtekOne Posts 3Q EPS of 34 Cents
NEWT sits 19% above its 52-week low of $9.59.
Summary
NewtekOne reported third-quarter EPS of $0.34, well below the $0.48 it posted in Q2, and it implies the company needs a strong fourth quarter to reach the $1.70-$1.80 full-year EPS guidance it set in August. Third-quarter net interest income was USD 18.892 million. The stock trades near $11.46 against a small-cap valuation, so a soft quarter relative to the annual guide is meaningful for holders.
At the time of this announcement, NEWT was trading at $11.46 on NASDAQ in the Finance sector, with a market capitalization of approximately $331M. The 52-week trading range was $9.59 to $15.69. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.