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Navient (NAVI) Reports Q3 Earnings: What Key Metrics Have to Say
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Navient (NAVI - Free Report) reported $140 million in revenue for the quarter ended September 2024, representing a year-over-year decline of 50%. EPS of $0.28 for the same period compares to $0.84 a year ago.
The reported revenue represents a surprise of -6.69% over the Zacks Consensus Estimate of $150.04 million. With the consensus EPS estimate being $0.23, the EPS surprise was +21.74%.
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 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: 2.8% versus the two-analyst average estimate of 2.9%.
Net interest margin, Federal Education Loan segment: 0.5% versus 0.4% estimated by two analysts on average.
Servicing revenue: $13 million versus $16.23 million estimated by four analysts on average.
Other income: $10 million versus $5.10 million estimated by four analysts on average.
Asset recovery and business processing revenue: $70 million compared to the $80.15 million average estimate based on four analysts.
Total Non Interest Income (Core): $312 million versus the three-analyst average estimate of $102.64 million.
Total core other income- Consumer Lending: $2 million compared to the $3.08 million average estimate based on two analysts.
Total core other income- Business Processing: $289 million compared to the $81.30 million average estimate based on two analysts.
Total core other income- Federal Education Loans: $11 million compared to the $15.49 million average estimate based on two analysts.
Total core other income- Other: $10 million compared to the $1.60 million average estimate based on two analysts.
Net interest income (loss)- Federal Education Loans (Core): $40 million compared to the $36.76 million average estimate based on two analysts.
Net Interest Income (Core): $140 million versus $142.31 million estimated by two analysts on average.
Shares of Navient have returned -0.5% over the past month versus the Zacks S&P 500 composite's +1.8% 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) Reports Q3 Earnings: What Key Metrics Have to Say
Navient (NAVI - Free Report) reported $140 million in revenue for the quarter ended September 2024, representing a year-over-year decline of 50%. EPS of $0.28 for the same period compares to $0.84 a year ago.
The reported revenue represents a surprise of -6.69% over the Zacks Consensus Estimate of $150.04 million. With the consensus EPS estimate being $0.23, the EPS surprise was +21.74%.
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 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: 2.8% versus the two-analyst average estimate of 2.9%.
- Net interest margin, Federal Education Loan segment: 0.5% versus 0.4% estimated by two analysts on average.
- Servicing revenue: $13 million versus $16.23 million estimated by four analysts on average.
- Other income: $10 million versus $5.10 million estimated by four analysts on average.
- Asset recovery and business processing revenue: $70 million compared to the $80.15 million average estimate based on four analysts.
- Total Non Interest Income (Core): $312 million versus the three-analyst average estimate of $102.64 million.
- Total core other income- Consumer Lending: $2 million compared to the $3.08 million average estimate based on two analysts.
- Total core other income- Business Processing: $289 million compared to the $81.30 million average estimate based on two analysts.
- Total core other income- Federal Education Loans: $11 million compared to the $15.49 million average estimate based on two analysts.
- Total core other income- Other: $10 million compared to the $1.60 million average estimate based on two analysts.
- Net interest income (loss)- Federal Education Loans (Core): $40 million compared to the $36.76 million average estimate based on two analysts.
- Net Interest Income (Core): $140 million versus $142.31 million estimated by two analysts on average.
View all Key Company Metrics for Navient here>>>Shares of Navient have returned -0.5% over the past month versus the Zacks S&P 500 composite's +1.8% 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.