Navient Q4 2023 Core EPS $0.21 Misses $0.75 Estimate
Portfolio Pulse from Benzinga Newsdesk
Navient Corporation (NASDAQ:NAVI) reported a significant miss in its Q4 2023 earnings, with a core EPS of $0.21, which is 72 percent below the analyst consensus estimate of $0.75.
January 31, 2024 | 11:29 am
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Navient's Q4 2023 core EPS of $0.21 was significantly lower than the expected $0.75, missing estimates by 72 percent.
Earnings misses typically result in negative investor sentiment and can lead to a decrease in stock price in the short term. Given the magnitude of the miss (72%), it is likely that NAVI will experience downward pressure on its stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100