Navient (NAVI - Free Report) reported $163 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 35.6%. EPS of $0.63 for the same period compares to $1.06 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $188.04 million, representing a surprise of -13.32%. The company delivered an EPS surprise of +8.62%, with the consensus EPS estimate being $0.58.
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 margin, Consumer Lending segment: 3% versus the two-analyst average estimate of 3.3%.
- Net interest margin, Federal Education Loan segment: 0.6% versus the two-analyst average estimate of 0.6%.
- Asset recovery and business processing revenue: $77 million versus $83.02 million estimated by four analysts on average.
- Servicing revenue: $17 million compared to the $15.44 million average estimate based on four analysts.
- Other income: $9 million versus $5.59 million estimated by four analysts on average.
- Net interest income (loss)- Federal Education Loans (Core): $53 million versus the two-analyst average estimate of $59.18 million.
- Total core other income- Other: $5 million versus $2.06 million estimated by two analysts on average.
- Total core other income- Consumer Lending: $4 million versus the two-analyst average estimate of $3.12 million.
- Total core other income- Business Processing: $77 million versus the two-analyst average estimate of $83.03 million.
- Total core other income- Federal Education Loans: $17 million versus $15.87 million estimated by two analysts on average.
- Total Non Interest Income (Core): $103 million compared to the $107.04 million average estimate based on two analysts.
- Net Interest Income (Core): $163 million versus the two-analyst average estimate of $179.58 million.
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 -3% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.
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Navient (NAVI - Free Report) reported $163 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 35.6%. EPS of $0.63 for the same period compares to $1.06 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $188.04 million, representing a surprise of -13.32%. The company delivered an EPS surprise of +8.62%, with the consensus EPS estimate being $0.58.
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 margin, Consumer Lending segment: 3% versus the two-analyst average estimate of 3.3%.
- Net interest margin, Federal Education Loan segment: 0.6% versus the two-analyst average estimate of 0.6%.
- Asset recovery and business processing revenue: $77 million versus $83.02 million estimated by four analysts on average.
- Servicing revenue: $17 million compared to the $15.44 million average estimate based on four analysts.
- Other income: $9 million versus $5.59 million estimated by four analysts on average.
- Net interest income (loss)- Federal Education Loans (Core): $53 million versus the two-analyst average estimate of $59.18 million.
- Total core other income- Other: $5 million versus $2.06 million estimated by two analysts on average.
- Total core other income- Consumer Lending: $4 million versus the two-analyst average estimate of $3.12 million.
- Total core other income- Business Processing: $77 million versus the two-analyst average estimate of $83.03 million.
- Total core other income- Federal Education Loans: $17 million versus $15.87 million estimated by two analysts on average.
- Total Non Interest Income (Core): $103 million compared to the $107.04 million average estimate based on two analysts.
- Net Interest Income (Core): $163 million versus the two-analyst average estimate of $179.58 million.
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 -3% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.
Highest Returns for Any Asset Class
It’s not even close. Despite ups and downs, Bitcoin has been more profitable for investors than any other decentralized, borderless form of money.
No guarantees for the future, but in the past three presidential election years, Bitcoin’s returns were as follows: 2012 +272.4%, 2016 +161.1%, and 2020 +302.8%. Zacks predicts another significant surge in months to come.
Hurry, Download Special Report – It’s FREE >>
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