Nelnet Inc reports results for the quarter ended in December - Earnings Summary

Nelnet

28/02/2024 05:41

* Nelnet Inc  NNI.N  reported a quarterly adjusted loss of 4
cents​​ per share for the quarter ended in December, lower than
the same quarter last year, when the company reported EPS of
$1.07.  The lone analyst forecast for the quarter was
for earnings of $1.03 per share. 
    * Revenue fell 22.6% to $260.66 million from a year ago;
analysts
expected $337.81 million. 
    * Nelnet Inc's reported EPS for the quarter was a loss of 23
cents​.
    * The company reported a quarterly loss of $8.55 million.
    * Nelnet Inc shares had risen by 0.6% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 12.3%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 1
"hold" and no "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 Nelnet Inc is
$90.00 
This summary was machine generated from LSEG data February 28 at
05:40 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      1.03           -0.04          Missed
 Sep. 30 2023      1.40           1.15           Missed
 Mar. 31 2023      1.53           0.71           Missed