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

Navient

25/10/2023 13:01

* Navient Corp  NAVI.OQ  reported quarterly adjusted
earnings of
47 cents​​ per share for the quarter ended in September. The
mean expectation of nine analysts for the quarter was
for earnings of 74 cents per share.
    * Revenue rose 21.3% to $291.00 million from a year ago;
analysts
expected $231.17 million. 
    * Navient Corp's reported EPS for the quarter was 65 cents​.
    * The mean earnings estimate of analysts had risen by
about 7.4%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Navient Corp shares had fallen by 0.6% this quarter and
gained 4.0% so far this year.
    * The company reported quarterly net income of $79 million.
    * Wall Street's median 12-month price target for Navient
Corp is
$19.00 
    * 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
October 25 at 12:01 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Dec. 31 2022      0.83           0.76           Missed