NewtekOne Projects Positive Earnings for 2024: EPS Forecast
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NewtekOne's Updated Earnings Forecast for 2024
NewtekOne, Inc. (NASDAQ: NEWT), a prominent financial holding company, has reaffirmed its earnings per share (EPS) forecast for the year 2024. The forecast sits confidently within the range of $1.85 to $2.05 per basic and diluted common share.
Leadership Insight on Market Conditions
According to Barry Sloane, Chairman, President, and CEO of NewtekOne, the company remains steadfast amidst the challenges presented by a volatile equity market impacting the financial sector. He praised the management team’s ability to navigate these complexities effectively while meeting the needs of their business clients.
Commitment to Client Success
Sloane emphasized NewtekOne's dedication to providing best-in-class financial and business solutions that help small- and medium-sized businesses (SMBs) thrive. Drawing attention to a growing demand from the SMB community, he noted that clients are eager to engage with NewtekOne to explore avenues for enhancing revenue, minimizing expenses, mitigating risks, and boosting operational efficiencies.
Future Business Projections and Growth Strategy
As part of their ongoing commitment to transparency and reflecting their optimistic growth trajectory, NewtekOne plans to provide its 2025 business projections during the upcoming third quarter earnings conference call, slated for early November. This initiative is expected to further illustrate their business model's robust potential.
Overview of NewtekOne’s Offerings
Founded in 1999, NewtekOne offers an extensive array of business and financial solutions aimed at independent business owners across the nation. Their offerings include banking services through Newtek Bank, business lending, electronic payment processing, and various technology solutions, among others. With a focus on delivering innovative and efficient products, NewtekOne has established itself as a valuable partner for entrepreneurs looking to grow their businesses.
Comprehensive Business Solutions
NewtekOne's wide range of services enhances clients' operational efficiencies and positions them for future success. Their expertise in areas such as accounts receivable and inventory financing, insurance solutions, and payroll services allow clients to streamline operations and focus on growth avenues. With tailored approaches, NewtekOne seeks to meet the individual needs of its diverse client base.
Contacting NewtekOne
If inquiries arise regarding NewtekOne's services or investor relations, individuals can connect with Jayne Cavuoto, who leads their public relations efforts. Prospective clients and investors are encouraged to reach out via telephone or email for personalized assistance.
Frequently Asked Questions
What is NewtekOne's 2024 EPS forecast?
NewtekOne has reaffirmed its EPS forecast for 2024, projecting earnings between $1.85 and $2.05 per share.
Who is the CEO of NewtekOne?
The CEO of NewtekOne is Barry Sloane, who also serves as Chairman and President.
What services does NewtekOne provide?
NewtekOne provides various financial solutions, including banking, business lending, payment processing, technology solutions, and more.
When will NewtekOne share its 2025 projections?
The company plans to discuss its 2025 business projections during the third quarter earnings conference call, expected early in November.
How can I contact NewtekOne for inquiries?
Inquiries can be directed to Jayne Cavuoto at (212) 273-8179 or via email at jcavuoto@newtekone.com.
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