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

Nelnet

08/08/2024 23:38

* Nelnet Inc  NNI.N  reported quarterly adjusted earnings of
$1.23​​ per share for the quarter ended in June.  The lone
analyst forecast for the quarter was for earnings of $1.33 per
share. 
    * Revenue fell 36.4% to $324.90 million from a year ago;
analysts
expected $358.75 million. 
    * Nelnet Inc's reported EPS for the quarter was $1.23​.
    * The company reported quarterly net income of $45.09
million.
    * Nelnet Inc shares had risen by 4.9% this quarter and
gained 20.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 16.7%
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
$96.00 
This summary was machine generated from LSEG data August 8 at
10:38 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
 Jun. 30 2024      1.33           1.23           Missed
 Mar. 31 2024      1.38           1.81           Beat
 Dec. 31 2023      1.03           -0.04          Missed
 Sep. 30 2023      1.40           1.15           Missed