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

SLM

26/07/2023 22:03

* SLM Corp  SLM.OQ  reported quarterly adjusted earnings of
$1.10​​ per share for the quarter ended in June. The mean
expectation of eleven analysts for the quarter was for earnings
of $1.16 per share.
    * Revenue rose 6.6% to $386.63 million from a year ago;
analysts
expected $370.99 million. 
    * SLM Corp's reported EPS for the quarter was $1.10​.
    * The mean earnings estimate of analysts had risen by
about 15.6%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates 
    * SLM Corp shares had risen by 0.9% this quarter and
lost 0.8% so
far this year.
    * The company reported quarterly net income of $260.79
million.
    * Wall Street's median 12-month price target for SLM Corp is
$19.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data July
26 at 09:02 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      1.16           1.10           Missed
 Mar. 31 2023      0.35           0.47           Beat
 Dec. 31 2022      0.47           -0.33          Missed
 Sep. 30 2022      0.48           0.29           Missed