For the quarter ended March 2023, Navient (NAVI - Free Report) reported revenue of $253 million, down 8.3% over the same period last year. EPS came in at $1.06, compared to $0.90 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $230.68 million, representing a surprise of +9.68%. The company delivered an EPS surprise of +20.45%, with the consensus EPS estimate being $0.88.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Navient performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Interest Income: $234 million versus $274.61 million estimated by three analysts on average.
- Other income: $7 million versus the three-analyst average estimate of $6.83 million.
- Asset recovery and business processing revenue: $72 million versus the three-analyst average estimate of $74.25 million.
- Servicing revenue: $17 million versus the three-analyst average estimate of $17.33 million.
- Total Non Interest Income / Total other income: $88 million compared to the $98.42 million average estimate based on three analysts.
View all Key Company Metrics for Navient here>>>Shares of Navient have returned +2.7% over the past month versus the Zacks S&P 500 composite's +2.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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It’s an American AI company that’s riding low right now, but it has rounded up clients like BMW, GE, Dell Computer, and Bosch. It has prospects for not just doubling but quadrupling in the year to come. Of course, all our picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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For the quarter ended March 2023, Navient (NAVI - Free Report) reported revenue of $253 million, down 8.3% over the same period last year. EPS came in at $1.06, compared to $0.90 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $230.68 million, representing a surprise of +9.68%. The company delivered an EPS surprise of +20.45%, with the consensus EPS estimate being $0.88.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Navient performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Interest Income: $234 million versus $274.61 million estimated by three analysts on average.
- Other income: $7 million versus the three-analyst average estimate of $6.83 million.
- Asset recovery and business processing revenue: $72 million versus the three-analyst average estimate of $74.25 million.
- Servicing revenue: $17 million versus the three-analyst average estimate of $17.33 million.
- Total Non Interest Income / Total other income: $88 million compared to the $98.42 million average estimate based on three analysts.
View all Key Company Metrics for Navient here>>>Shares of Navient have returned +2.7% over the past month versus the Zacks S&P 500 composite's +2.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s an American AI company that’s riding low right now, but it has rounded up clients like BMW, GE, Dell Computer, and Bosch. It has prospects for not just doubling but quadrupling in the year to come. Of course, all our picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock And 4 Runners Up
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