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Navient (NAVI) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates
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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.
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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Navient (NAVI) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates
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.