Navient Corp expected to post earnings of 58 cents a share - Earnings Preview

Navient

22/04/2024 12:24

* Navient Corp  NAVI.OQ   NAVI.O  is expected to show a fall
in
quarterly revenue when it reports  results on April 24 for the
period ending March 31 2024
    * The Herndon Virginia-based  company is expected to report
a
23.5% decrease in revenue to $179 million from $234 million a
year ago, according to the mean estimate from 2 analysts, based
on LSEG data.
    * ​LSEG's mean analyst estimate for Navient Corp is for
earnings
of 58 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 7
"hold" and 2 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Navient
Corp is
$16.50​, above​ its last closing price of $16.21. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.77        0.75       0.21      Missed  -72.1
 Sep. 30 2023  0.74        0.74       0.47      Missed  -36.3
 Jun. 30 2023  0.74        0.74       0.70      Missed  -5.1​
 Mar. 31 2023  0.87        0.83       1.02      Beat    23.6
 ​​Dec.        0.83        0.83       0.76      Missed  -8.9
 31 2022                                                
 Sep. 30 2022  0.78        0.79       0.62      Missed  -21.4​
 Jun. 30 2022  0.77        0.78       0.91      Beat    16.9
 Mar. 31 2022  0.75        0.75       0.88      Beat    18
 This summary was machine generated April 22 at 11:24 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)