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

Navient

26/07/2023 13:01

* Navient Corp  NAVI.OQ  reported quarterly adjusted
earnings of
70 cents​​ per share for the quarter ended in June. The mean
expectation of nine analysts for the quarter was for earnings of
74 cents per share.
    * Revenue fell 44.5% to $178.00 million from a year ago;
analysts
expected $223.17 million. 
    * Navient Corp's reported EPS for the quarter was 52 cents​.
    * The mean earnings estimate of analysts had fallen by
about 7.1%
in the last three months.​ 
    * In the last 30 days, seven analysts negatively revised
earnings
estimates 
    * Navient Corp shares had risen by 4.1% this quarter and
gained 17.6% so far this year.
    * The company reported quarterly net income of $66 million.
    * Wall Street's median 12-month price target for Navient
Corp is
$19.25 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 7
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data July
26 at 12:01 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.74           0.70           Missed
 Mar. 31 2023      0.83           1.02           Beat
 Dec. 31 2022      0.83           0.76           Missed
 Sep. 30 2022      0.79           0.62           Missed