Navient Corp reports results for the quarter ended December 31 - Earnings Summary

Navient

29/01/2025 13:01

* Navient Corp  NAVI.OQ  reported a quarterly adjusted loss
of 24
cents​​ per share for the quarter ended December 31, lower than
the same quarter last year, when the company reported EPS of 21
cents.  The mean expectation of ten analysts for the quarter was
for earnings of 22 cents per share. Wall Street expected
results to range from 1 cents to 29 cents per share.
    * Revenue fell 30.1% to $135.00 million from a year ago;
analysts
expected $149.00 million. 
    * Navient Corp's reported EPS for the quarter was 22 cents​.
    * The company reported quarterly net income of $24 million.
    * Navient Corp shares had risen by 11.0% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 30.2%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 7
"hold" and 2 "sell" or "strong sell." 
    * The average consensus recommendation for the consumer
lending
peer group is also "hold"

Wall Street's median 12-month price target for Navient Corp is
$14.00 
This summary was machine generated from LSEG data January 29 at
01:01 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      0.22           -0.24          Missed
 Sep. 30 2024      0.25           1.45           Beat
 Jun. 30 2024      0.43           0.29           Missed
 Mar. 31 2024      0.58           0.47           Missed