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

Navient

26/04/2023 13:01

* Navient Corp  NAVI.OQ  reported quarterly adjusted
earnings of
$1.02​​ per share for the quarter ended in March. The mean
expectation of twelve analysts for the quarter was for earnings
of 83 cents per share.
    * Revenue fell 30.6% to $234.00 million from a year ago;
analysts
expected $226.00 million. 
    * Navient Corp's reported EPS for the quarter was 86 cents​.
    * The mean earnings estimate of analysts had risen by
about 6.5%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * Navient Corp shares had held steady so far this
quarter and
lost 2.8% so far this year.
    * The company reported quarterly net income of $111 million.
    * Wall Street's median 12-month price target for Navient
Corp is
$18.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 10
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
April 26 at 12:01 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Jun. 30 2022      0.78           0.91           Beat