Navient (NAVI - Free Report) reported $221 million in revenue for the quarter ended June 2023, representing a year-over-year decline of 18.5%. EPS of $0.70 for the same period compares to $0.92 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $228.53 million, representing a surprise of -3.30%. The company delivered an EPS surprise of -7.89%, with the consensus EPS estimate being $0.76.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
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: $178 million versus the three-analyst average estimate of $229.22 million.
- Other income: $4 million versus the three-analyst average estimate of $5.50 million.
- Asset recovery and business processing revenue: $83 million versus the three-analyst average estimate of $76.88 million.
- Servicing revenue: $16 million compared to the $17 million average estimate based on three analysts.
- Total Non Interest Income / Total other income: $129 million compared to the $99.38 million average estimate based on three analysts.
View all Key Company Metrics for Navient here>>>Shares of Navient have returned +4.7% over the past month versus the Zacks S&P 500 composite's +5.1% 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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Navient (NAVI - Free Report) reported $221 million in revenue for the quarter ended June 2023, representing a year-over-year decline of 18.5%. EPS of $0.70 for the same period compares to $0.92 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $228.53 million, representing a surprise of -3.30%. The company delivered an EPS surprise of -7.89%, with the consensus EPS estimate being $0.76.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
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: $178 million versus the three-analyst average estimate of $229.22 million.
- Other income: $4 million versus the three-analyst average estimate of $5.50 million.
- Asset recovery and business processing revenue: $83 million versus the three-analyst average estimate of $76.88 million.
- Servicing revenue: $16 million compared to the $17 million average estimate based on three analysts.
- Total Non Interest Income / Total other income: $129 million compared to the $99.38 million average estimate based on three analysts.
View all Key Company Metrics for Navient here>>>Shares of Navient have returned +4.7% over the past month versus the Zacks S&P 500 composite's +5.1% 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.
Top 5 ChatGPT Stocks Revealed
Zacks Senior Stock Strategist, Kevin Cook names 5 hand-picked stocks with sky-high growth potential in a brilliant sector of Artificial Intelligence. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
Today you can invest in the wave of the future, an automation that answers follow-up questions … admits mistakes … challenges incorrect premises … rejects inappropriate requests. As one of the selected companies puts it, “Automation frees people from the mundane so they can accomplish the miraculous.”
Download Free ChatGPT Stock Report Right Now >>
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