Newtek Business Services Corp. (NASDAQ:NEWT) provider of financial and business services, is expected to report third quarter earnings results, after market close, on Wednesday 4th November 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.06 per share from revenue of $ 15.39 million.
Looking ahead, the full year income are expected at $ 1.71 per share on the revenues of $ 90.59 million.
Previous Quarter Performance
Newtek Business Services Corp. posted income for the second quarter of $ 1.37 per share, from the revenue of $ 46.69 million. Wall street analysts are predicting, NEWT to report 2Q20 income of $ 1.46 per share from revenue of $ 29.96 million. The bottom line results missed street analysts by $ 0.09 or 6.16 percent, at the same time, top line results outshined analysts by $ 16.73 million or 55.84 percent.
Stock Performance
Shares of Newtek Business Services Corp. traded up $ 0.44 or 2.63 percent on Tuesday, reaching $ 17.18 with volume of 60.60 thousand shares. Newtek Business Services Corp. has traded high as $ 17.34 and has cracked $ 16.90 on the downward trend
According to the previous trading day, closing price of $ 17.18, representing a 120.55 % increase from the 52 week low of $ 7.59 and a 29.46 % decrease over the 52 week high of $ 23.73.
The company has a market capital of $ 363.93 million and is part of the Financial Services sector and Asset Management industry.
Newtek Business Services Corp. is a business development company specializing in providing financial and business services to the small-and medium-sized business market in the United States. The firm also seeks to invest in early stage businesses.
