Navient Corp expected to post earnings of 75 cents a share - Earnings Preview

Navient

29/01/2024 13:40

* Navient Corp  NAVI.OQ   NAVI.O  is expected to show a fall
in
quarterly revenue when it reports  results on January 31 for the
period ending December 31 2023
    * The Herndon Virginia-based  company is expected to report
a
13.3% decrease in revenue to $201.167 million from $232 million
a year ago, according to the mean estimate from 6 analysts,
based on LSEG data. (Sales is on Net Interest Income basis)
    * ​LSEG's mean analyst estimate for Navient Corp is for
earnings
of 75 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 8
"hold" and 3 "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
$17.00​, below​ its last closing price of $18.12. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 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. 31 2022  0.83        0.83       0.76      Missed  -8.9
 ​​Sep.        0.78        0.79       0.62      Missed  -21.4
 30 2022                                                
 Jun. 30 2022  0.77        0.78       0.91      Beat    16.9​
 Mar. 31 2022  0.75        0.75       0.88      Beat    18
 Dec. 31 2021  0.87        0.87       -0.43     Missed  -149.5
 This summary was machine generated January 29 at 13:40 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)