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

SLM

24/04/2024 22:01

* SLM Corp  SLM.OQ  reported quarterly adjusted earnings of
$1.27​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of 47
cents.  The mean expectation of eleven analysts for the quarter
was for earnings of $1.07 per share. Wall Street expected
results to range from 84 cents to $1.27 per share.
    * Revenue fell 4.5% to $387.02 million from a year ago;
analysts
expected $387.89 million. 
    * SLM Corp's reported EPS for the quarter was $1.27​.
    * The company reported quarterly net income of $285.28
million.
    * SLM Corp shares had risen by 0.6% this quarter and
gained 14.7%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 23.1%
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," 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
$24.50 
This summary was machine generated from LSEG data April 24 at
09:01 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
 Mar. 31 2024      1.07           1.27           Beat
 Dec. 31 2023      0.89           0.91           Beat
 Sep. 30 2023      0.31           0.11           Missed
 Jun. 30 2023      1.16           1.10           Missed