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Sallie Mae (SLM) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
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For the quarter ended September 2024, Sallie Mae (SLM - Free Report) reported revenue of $359.4 million, down 6.6% over the same period last year. EPS came in at -$0.23, compared to $0.11 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $363.4 million, representing a surprise of -1.10%. The company delivered an EPS surprise of -428.57%, with the consensus EPS estimate being $0.07.
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.
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% compared to the 5.1% average estimate based on three analysts.
Average Balances-Interest earning assets: $28.62 billion versus the two-analyst average estimate of $28.40 billion.
Net Interest Income: $359.40 million versus the four-analyst average estimate of $363.37 million.
Total Non-Interest Income: $24.52 million compared to the $23.19 million average estimate based on four analysts.
Other income: $28.39 million versus the three-analyst average estimate of $21.26 million.
Shares of Sallie Mae have returned +7% over the past month versus the Zacks S&P 500 composite's +2.7% 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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Sallie Mae (SLM) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
For the quarter ended September 2024, Sallie Mae (SLM - Free Report) reported revenue of $359.4 million, down 6.6% over the same period last year. EPS came in at -$0.23, compared to $0.11 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $363.4 million, representing a surprise of -1.10%. The company delivered an EPS surprise of -428.57%, with the consensus EPS estimate being $0.07.
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.
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% compared to the 5.1% average estimate based on three analysts.
- Average Balances-Interest earning assets: $28.62 billion versus the two-analyst average estimate of $28.40 billion.
- Net Interest Income: $359.40 million versus the four-analyst average estimate of $363.37 million.
- Total Non-Interest Income: $24.52 million compared to the $23.19 million average estimate based on four analysts.
- Other income: $28.39 million versus the three-analyst average estimate of $21.26 million.
View all Key Company Metrics for Sallie Mae here>>>Shares of Sallie Mae have returned +7% over the past month versus the Zacks S&P 500 composite's +2.7% 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.