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

Nelnet

07/11/2022 22:54

* Nelnet Inc  NNI.N  reported quarterly adjusted earnings of
$2.80​​ per share for the quarter ended in September. The lone
analyst forecast for the quarter was for earnings of $1.75 per
share.
    * Revenue rose 37.9% to $395.19 million from a year ago;
analysts
expected $328.57 million. 
    * The mean earnings estimate of analysts had fallen by
about 3.5%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Nelnet Inc shares had risen by 11.9% this quarter and
lost 9.3%
so far this year.
    * The company reported quarterly net income of $104.8
million.
    * Wall Street's median 12-month price target for Nelnet Inc
is
$88.00 
    * 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 Refinitiv data November
7 at 10:54 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      1.75           2.80           Beat
 Jun. 30 2022      1.66           2.42           Beat
 Mar. 31 2022      2.01           4.91           Beat
 Dec. 31 2021      2.23           2.50           Beat