SLM Corp reports results for the quarter ended in September 30 - Earnings Summary

SLM

24/10/2024 04:12

* SLM Corp  SLM.OQ  reported a quarterly adjusted loss of 23
cents​​ per share for the quarter ended September 30, lower than
the same quarter last year, when the company reported EPS of 11
cents.  The mean expectation of twelve analysts for the quarter
was for earnings of 6 cents per share. Wall Street expected
results to range from -7 cents to 18 cents per share.
    * Revenue fell 6.6% to $359.40 million from a year ago;
analysts
expected $379.67 million. 
    * SLM Corp's reported EPS for the quarter was a loss of 23
cents​.
    * The company reported a quarterly loss of $49.8 million.
    * SLM Corp shares had risen by 0.7% this quarter and
gained 20.4%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.6%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "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 26.50
This summary was machine generated from LSEG data October 24 at
03:12 a.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      0.06           -0.23          Missed
 Jun. 30 2024      0.84           1.11           Beat
 Mar. 31 2024      1.07           1.27           Beat
 Dec. 31 2023      0.89           0.91           Beat