SLM: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
SLM Corporation (NASDAQ:SLM) reported Q4 earnings with an EPS of $0.72, missing the estimate of $0.89 by 19.1%. However, revenue increased by $4.57 million compared to the same period last year. Despite missing last quarter's EPS estimate, SLM's share price increased by 1.31% the following day. The company's past earnings performance shows mixed results with both misses and beats on EPS estimates.
January 24, 2024 | 9:35 pm
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SLM Corporation reported a miss in Q4 earnings with an EPS of $0.72 against an estimate of $0.89, but showed an increase in revenue compared to last year.
SLM's miss on the estimated earnings is likely to have a negative impact on the stock price in the short term, as earnings misses often do. However, the increase in revenue and the company's history of a share price increase following an earnings miss last quarter suggest that the impact may be somewhat mitigated.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100