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

Nelnet

10/05/2024 24:30

* Nelnet Inc  NNI.N  reported quarterly adjusted earnings of
$1.81​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of 71
cents.  The lone analyst forecast for the quarter was
for earnings of $1.38 per share. 
    * Revenue rose 16.2% to $385.38 million from a year ago;
analysts
expected $364.24 million. 
    * Nelnet Inc's reported EPS for the quarter was $1.97​.
    * The company reported quarterly net income of $73.21
million.
    * Nelnet Inc shares had risen by 2.2% this quarter and
gained 9.7%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.6%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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 May 9 at 11:29
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
 Mar. 31 2024      1.38           1.81           Beat
 Dec. 31 2023      1.03           -0.04          Missed
 Sep. 30 2023      1.40           1.15           Missed