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

Nelnet

08/05/2023 23:37

* Nelnet Inc  NNI.N  reported quarterly adjusted earnings of
71
cents​​ per share for the quarter ended in March. The lone
analyst forecast for the quarter was for earnings of $1.53 per
share.
    * Revenue fell 31.1% to $331.67 million from a year ago;
analysts
expected $352.82 million. 
    * The mean earnings estimate of analysts had risen by
about 0.3%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Nelnet Inc shares had risen by 2.6% this quarter and
gained 3.9%
so far this year.
    * Wall Street's median 12-month price target for Nelnet Inc
is
$90.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data May
8 at 10:37 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      1.53           0.71           Missed
 Dec. 31 2022      1.57           1.07           Missed
 Sep. 30 2022      1.75           2.80           Beat
 Jun. 30 2022      1.66           2.42           Beat