NewtekOne (NEWT) shares fell 3% on Friday after the company lowered its EPS guidance for 2026 and 2027.
The company said it now expects 2026 EPS of $1.70 to $1.80 compared with $2.15 to $2.55 earlier.
Analysts polled by FactSet expect $2.10.
It now expects 2027 EPS of $2.00 to $2.20 compared with $2.40 to $2.80 earlier. Analysts expect $2.30.
The revised guidance reflects a decision to hold more guaranteed portions of SBA loans on the company's balance sheet, according to a statement.
Price: $11.91, Change: $-0.41, Percent Change: -3.33%