Navient Corp reports results for the quarter ended in September 30 - Earnings Summary

Navient

30/10/2024 13:20

* Navient Corp  NAVI.OQ  reported quarterly adjusted
earnings of
$1.45​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of 47 cents.  The mean expectation of ten analysts for the
quarter was for earnings of 25 cents per share. Wall Street
expected results to range from 5 cents to 37 cents per share.
    * Revenue fell 58.8% to $120.00 million from a year ago;
analysts
expected $150.38 million. 
    * Navient Corp's reported EPS for the quarter was a loss
of 2
cents​.
    * The company reported a quarterly loss of $2 million.
    * Navient Corp shares had fallen by 2.9% this quarter and
lost 18.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 16.3%
in the last three months.​ 
    * In the last 30 days, four 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," 8
"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
15.00 
This summary was machine generated from LSEG data October 30 at
01:20 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
 Sep. 30 2024      0.25           1.45           Beat
 Jun. 30 2024      0.43           0.29           Missed
 Mar. 31 2024      0.58           0.47           Missed
 Dec. 31 2023      0.75           0.21           Missed