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

SLM

24/07/2024 22:02

* SLM Corp  SLM.OQ  reported quarterly adjusted earnings of
$1.11​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of $1.10. 
The mean expectation of eleven analysts for the quarter was
for earnings of 84 cents per share. Wall Street expected
results to range from 43 cents to $1.08 per share.
    * Revenue fell 3.7% to $372.17 million from a year ago;
analysts
expected $362.83 million. 
    * SLM Corp's reported EPS for the quarter was $1.11​.
    * The company reported quarterly net income of $247.37
million.
    * SLM Corp shares had risen by 13.0% this quarter and
gained 22.9%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 89.2%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 1
"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
$25.00 
This summary was machine generated from LSEG data July 24 at
09:02 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
 Jun. 30 2024                     1.11           
 Mar. 31 2024      1.07           1.27           Beat
 Dec. 31 2023      0.89           0.91           Beat
 Sep. 30 2023      0.31           0.11           Missed