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

SLM

25/10/2023 22:37

* SLM Corp  SLM.OQ  reported quarterly adjusted earnings of
11
cents​​ per share for the quarter ended in September. The mean
expectation of eleven analysts for the quarter was for earnings
of 31 cents per share.
    * Revenue rose 4.1% to $384.63 million from a year ago;
analysts
expected $361.81 million. 
    * SLM Corp's reported EPS for the quarter was 11 cents​.
    * The mean earnings estimate of analysts had fallen by
about 38.9%
in the last three months.​ 
    * In the last 30 days, five analysts negatively revised
earnings
estimates 
    * SLM Corp shares had fallen by 4.6% this quarter and
lost 21.7%
so far this year.
    * The company reported quarterly net income of $24.72
million.
    * Wall Street's median 12-month price target for SLM Corp is
$17.00 
    * 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
October 25 at 09:36 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.31           0.11           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