Navient Q2 Adj. EPS $0.70 Misses $0.74 Estimate, Adj. Sales $221.00M Miss $223.17M Estimate
Portfolio Pulse from Benzinga Newsdesk
Navient (NASDAQ:NAVI) reported Q2 earnings of $0.70 per share, missing the analyst consensus estimate of $0.74 by 5.41%. This is a 23.91% decrease from last year. The company also reported quarterly sales of $116.00 million, missing the analyst consensus estimate of $223.17 million by 48.02%. This is a 57.20% decrease from last year.
July 26, 2023 | 10:23 am
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NEGATIVE IMPACT
Navient's Q2 earnings and sales missed estimates, marking a significant decrease from last year. This could negatively impact the stock price in the short term.
Navient's earnings and sales for Q2 significantly missed analyst estimates and decreased from last year. This underperformance is likely to negatively impact investor sentiment and could lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100