SLM Q3 EPS $0.11 Misses $0.31 Estimate, Sales $384.63M Beat $361.81M Estimate
Portfolio Pulse from bharat@benzinga.com
SLM Corporation (NASDAQ:SLM) reported Q3 earnings of $0.11 per share, missing the analyst consensus estimate of $0.31 by 64.52%. This is a 62.07% decrease from the same period last year. However, the company reported quarterly sales of $384.63 million, beating the analyst consensus estimate of $361.81 million by 6.31%, a 4.09% increase from last year.
October 25, 2023 | 8:46 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
SLM's Q3 earnings missed estimates by 64.52%, but sales beat estimates by 6.31%. This mixed result could lead to uncertainty in the market.
SLM's earnings miss could negatively impact the stock as it indicates lower profitability. However, the sales beat could offset this as it shows strong demand for SLM's services. The mixed results could lead to uncertainty in the market, making it difficult to predict the short-term price direction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100