Navient (NAVI) reported $163 million in income for the quarter ended March 2024, representing a year-over-year decline of 35.6%. EPS of $0.63 for a similar interval compares to $1.06 a 12 months in the past.
The reported income compares to the Zacks Consensus Estimate of $188.04 million, representing a shock of -13.32%. The corporate delivered an EPS shock of +8.62%, with the consensus EPS estimate being $0.58.
Whereas traders scrutinize income and earnings modifications year-over-year and the way they evaluate with Wall Road expectations to find out their subsequent transfer, some key metrics at all times supply a extra correct image of an organization’s monetary well being.
As these metrics affect top- and bottom-line efficiency, evaluating them to the year-ago numbers and what analysts estimated helps traders challenge a inventory’s worth efficiency extra precisely.
Right here is how Navient carried out within the simply reported quarter when it comes to the metrics most generally monitored and projected by Wall Road analysts:
- Web curiosity margin, Shopper Lending section: 3% versus the two-analyst common estimate of three.3%.
- Web curiosity margin, Federal Schooling Mortgage section: 0.6% versus the two-analyst common estimate of 0.6%.
- Asset restoration and enterprise processing income: $77 million versus $83.02 million estimated by 4 analysts on common.
- Servicing income: $17 million in comparison with the $15.44 million common estimate based mostly on 4 analysts.
- Different earnings: $9 million versus $5.59 million estimated by 4 analysts on common.
- Web curiosity earnings (loss)- Federal Schooling Loans (Core): $53 million versus the two-analyst common estimate of $59.18 million.
- Complete core different income- Different: $5 million versus $2.06 million estimated by two analysts on common.
- Complete core different income- Shopper Lending: $4 million versus the two-analyst common estimate of $3.12 million.
- Complete core different income- Enterprise Processing: $77 million versus the two-analyst common estimate of $83.03 million.
- Complete core different income- Federal Schooling Loans: $17 million versus $15.87 million estimated by two analysts on common.
- Complete Non Curiosity Revenue (Core): $103 million in comparison with the $107.04 million common estimate based mostly on two analysts.
- Web Curiosity Revenue (Core): $163 million versus the two-analyst common estimate of $179.58 million.
View all Key Company Metrics for Navient here>>>
Shares of Navient have returned -2.7% over the previous month versus the Zacks S&P 500 composite’s -3% change. The inventory at present has a Zacks Rank #5 (Sturdy Promote), indicating that it might underperform the broader market within the close to time period.
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