Navient Q2 2024 Adj Sales $136.000M Miss $158.667M Estimate
Portfolio Pulse from Benzinga Newsdesk
Navient reported Q2 2024 adjusted sales of $136 million, missing the estimated $158.667 million.
July 24, 2024 | 10:13 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Navient reported Q2 2024 adjusted sales of $136 million, which is significantly below the estimated $158.667 million. This earnings miss could negatively impact the stock price in the short term.
The significant miss in adjusted sales compared to estimates suggests weaker-than-expected performance, which is likely to result in a negative market reaction and a short-term decline in Navient's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100