Nelnet Inc reports results for the quarter ended September 30 - Earnings Summary

Nelnet

08/11/2024 16:28

* Nelnet Inc  NNI.N  reported quarterly adjusted earnings of
34
cents​​ per share for the quarter ended September 30, lower than
the same quarter last year, when the company reported EPS of
$1.15.  The lone analyst forecast for the quarter was
for earnings of $1.36 per share. 
    * Revenue rose 42.5% to $469.44 million from a year ago;
analysts
expected $340.16 million. 
    * Nelnet Inc's reported EPS for the quarter was 7 cents​.
    * The company reported quarterly net income of $2.39
million.
    * Nelnet Inc shares had risen by 8.3% this quarter and
gained 39.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 7.5%
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
110.00 
This summary was machine generated from LSEG data November 8 at
04:28 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
 Sep. 30 2024      1.36           0.34           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