On Monday, Newtek Business Services (NASDAQ: NEWT) will report its last quarter's earnings. Here is Benzinga's take on the company's release.
Earnings and Revenue
Newtek Business Services earnings will be near 49 cents per share on sales of $10.17 million, according to analysts.
In the same quarter last year, Newtek Business Services posted EPS of 46 cents per share on sales of $9.09 million. The analyst consensus estimate would represent a 6.52 percent increase in the company's earnings. Revenue would be up 11.8 percent from the year-ago period.
Here's how the company's reported EPS has compared to analyst estimates in the past:
|Quarter||Q3 2017||Q2 2017||Q1 2017||Q4 2016|
Over the last 52-week period, shares are up 4.49 percent. Given that these returns are generally positive, long-term shareholders can be satisfied going into this earnings release.
Analyst estimates are adjusted higher for EPS and revenues over the past 90 days. The popular rating by analysts on Newtek Business Services stock is a Neutral. The strength of this rating has maintained conviction over the past 90 days.
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