Navient Q1 Adj $0.47 Misses $0.58 Estimate, Sales $152.00M Miss $179.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
Navient (NASDAQ:NAVI) reported Q1 adjusted earnings of $0.47 per share, missing the consensus estimate of $0.58, and sales of $152M, below the expected $179M. This represents a significant decrease from the previous year's earnings and sales.
April 24, 2024 | 10:32 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Navient reported lower than expected Q1 earnings and sales, missing analyst estimates and showing a significant decrease from last year.
Navient's significant miss on both earnings and sales estimates, coupled with a substantial year-over-year decline, is likely to negatively impact investor sentiment and the stock price in the short term. The magnitude of the miss and the comparison to last year's performance highlight underlying challenges that could affect future profitability and growth.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100