SLM Corp reports results for the quarter ended June 30 - Earnings Summary
SLM Corp reports results for the quarter ended June 30 - Earnings Summary
SLM Corp SLM.OQ reported quarterly adjusted earnings of 29 cents per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 32 cents. The mean expectation of eleven analysts for the quarter was for earnings of 44 cents per share. Wall Street expected results to range from 23 cents to 59 cents per share.
Revenue fell 11.7% to $332.82 million from a year ago; analysts expected $362.68 million.
SLM Corp's reported EPS for the quarter was 29 cents.
The company reported quarterly net income of $54.94 million.
SLM Corp shares had fallen by 2.8% this quarter and lost 6.8% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 20.2% in the last three months.
In the last 30 days, five analysts negatively revised earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy," 4 "hold" and 1 "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 $28.50, about 11.5% above its last closing price of $25.22
This summary was machine generated from LSEG data July 23 at 09:03 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 2026 | 0.44 | 0.29 | Missed |
Mar. 31 2026 | 1.12 | 1.54 | Beat |
Dec. 31 2025 | 0.93 | 1.12 | Beat |
Sep. 30 2025 | 0.77 | 0.63 | Missed |