NewtekOne Third Quarter 2024 Earnings: Beats Expectations

NewtekOne (NASDAQ:NEWT) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$83.1m (up 19% from 3Q 2023).
• Net income: US$11.5m (up 21% from 3Q 2023).
• Profit margin: 14% (in line with 3Q 2023).
• EPS: US$0.45 (up from US$0.39 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

NewtekOne Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) also surpassed analyst estimates by 3.8%.

Looking ahead, revenue is expected to decline by 5.7% p.a. on average during the next 2 years, while revenues in the Diversified Financial industry in the US are expected to grow by 4.0%.

Performance of the American Diversified Financial industry.

The company's shares are up 8.8% from a week ago.

Risk Analysis

Be aware that NewtekOne is showing 3 warning signs in our investment analysis and 1 of those doesn't sit too well with us...

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