Navient Q3 Adj EPS $0.47 Misses $0.74 Estimate, Adj Sales $280.00M Beat $231.17M Estimate
Portfolio Pulse from Benzinga Newsdesk
Navient (NASDAQ:NAVI) reported Q3 adjusted earnings of $0.47 per share, missing the analyst consensus estimate of $0.74 by 36.49%. This is a 37.33% decrease from the same period last year. However, the company reported adjusted sales of $280.00 million, beating the analyst consensus estimate of $231.17 million by 21.12%, a 13.36% increase from last year.
October 25, 2023 | 10:22 am
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Navient's Q3 earnings missed estimates by 36.49% but sales beat estimates by 21.12%. This mixed result could lead to uncertainty in the market.
Navient's earnings miss could negatively impact the stock as it indicates lower profitability. However, the sales beat could offset this as it shows higher revenue generation. The mixed results could lead to uncertainty in the market, making it difficult to predict the short-term price direction.
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