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Compared to Estimates, Sallie Mae (SLM) Q3 Earnings: A Look at Key Metrics
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Sallie Mae (SLM - Free Report) reported $384.63 million in revenue for the quarter ended September 2023, representing a year-over-year increase of 4.1%. EPS of $0.11 for the same period compares to $0.29 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $367.6 million, representing a surprise of +4.63%. The company delivered an EPS surprise of -66.67%, with the consensus EPS estimate being $0.33.
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.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Sallie Mae performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Interest Margin: 5.4% versus the four-analyst average estimate of 5.2%.
Average Balances-Interest earning assets: $28.09 billion compared to the $28.57 billion average estimate based on three analysts.
Net Interest Income: $384.63 million versus $367.60 million estimated by five analysts on average.
Total Non Interest Income: $24.24 million compared to the $39.16 million average estimate based on five analysts.
Other income: $22.75 million compared to the $15.78 million average estimate based on two analysts.
Shares of Sallie Mae have returned -4.2% over the past month versus the Zacks S&P 500 composite's -1.6% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Compared to Estimates, Sallie Mae (SLM) Q3 Earnings: A Look at Key Metrics
Sallie Mae (SLM - Free Report) reported $384.63 million in revenue for the quarter ended September 2023, representing a year-over-year increase of 4.1%. EPS of $0.11 for the same period compares to $0.29 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $367.6 million, representing a surprise of +4.63%. The company delivered an EPS surprise of -66.67%, with the consensus EPS estimate being $0.33.
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.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Sallie Mae performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Interest Margin: 5.4% versus the four-analyst average estimate of 5.2%.
- Average Balances-Interest earning assets: $28.09 billion compared to the $28.57 billion average estimate based on three analysts.
- Net Interest Income: $384.63 million versus $367.60 million estimated by five analysts on average.
- Total Non Interest Income: $24.24 million compared to the $39.16 million average estimate based on five analysts.
- Other income: $22.75 million compared to the $15.78 million average estimate based on two analysts.
View all Key Company Metrics for Sallie Mae here>>>Shares of Sallie Mae have returned -4.2% over the past month versus the Zacks S&P 500 composite's -1.6% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.