Nelnet Q2 Adj $1.20 Misses $1.33 Estimate
Portfolio Pulse from Benzinga Newsdesk
Nelnet (NYSE:NNI) reported Q2 earnings of $1.20 per share, missing the analyst consensus estimate of $1.33 by 9.77%. Despite the miss, this represents a 73.91% increase over the same period last year, where earnings were $0.69 per share.
August 08, 2024 | 8:23 pm
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Nelnet reported Q2 earnings of $1.20 per share, missing the analyst consensus estimate of $1.33 by 9.77%. Despite the miss, earnings increased by 73.91% compared to the same period last year.
The earnings miss is likely to have a negative short-term impact on Nelnet's stock price as it fell short of analyst expectations. However, the significant year-over-year increase in earnings may mitigate some of the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100