SLM Corp reports results for the quarter ended in December - Earnings Summary

SLM

24/01/2024 22:38

* SLM Corp  SLM.OQ  reported quarterly adjusted earnings of
91
cents​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of -33
cents.  The mean expectation of twelve analysts for the quarter
was for earnings of 89 cents per share. Wall Street expected
results to range from 83 cents to 93 cents per share.
    * Revenue rose 1.2% to $385.89 million from a year ago;
analysts
expected $378.36 million. 
    * SLM Corp's reported EPS for the quarter was 72 cents​.
    * The company reported quarterly net income of $163.72
million.
    * SLM Corp shares had risen by 0.4% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 26.2%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the consumer
lending
peer group is also "buy"

Wall Street's median 12-month price target for SLM Corp is
$22.00 
This summary was machine generated from LSEG data January 24 at
10:37 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
 Dec. 31 2023      0.89           0.91           Beat
 Sep. 30 2023      0.31           0.11           Missed
 Jun. 30 2023      1.16           1.10           Missed
 Mar. 31 2023      0.35           0.47           Beat