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

Navient

02/02/2024 04:49

* Navient Corp  NAVI.OQ  reported quarterly adjusted
earnings of
21 cents​​ per share for the quarter ended in December, lower
than the same quarter last year, when the company reported EPS
of 76 cents.  The mean expectation of eleven analysts for the
quarter was for earnings of 75 cents per share. Wall Street
expected results to range from 64 cents to 84 cents per share.
    * Revenue fell 16.8% to $193.00 million from a year ago;
analysts
expected $201.17 million. 
    * Navient Corp's reported EPS for the quarter was a loss
of 25
cents​.
    * The company reported a quarterly loss of $28 million.
    * Navient Corp shares had fallen by 7.5% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.6%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 7
"hold" and 4 "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
$17.00 
This summary was machine generated from LSEG data February 2 at
04:49 a.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 2023      0.75           0.21           Missed
 Sep. 30 2023      0.74           0.47           Missed
 Jun. 30 2023      0.74           0.70           Missed
 Mar. 31 2023      0.83           1.02           Beat