Navient Q3 2024 Adj. EPS $1.45 Beats $0.25 Estimate, Sales $140.000M Miss $150.375M Estimate
Portfolio Pulse from Benzinga Newsdesk
Navient reported Q3 2024 earnings per share of $1.45, significantly surpassing the analyst estimate of $0.25. However, its sales of $140 million fell short of the expected $150.375 million, marking a 50% decrease from the previous year's sales.
October 30, 2024 | 11:56 am
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Navient's Q3 2024 earnings per share of $1.45 exceeded expectations by 480%, but sales of $140 million missed estimates and were down 50% year-over-year.
Navient's earnings per share significantly exceeded expectations, which is a positive indicator for the stock. However, the sales miss and the substantial year-over-year decline in sales could offset the positive EPS impact, leading to a neutral short-term price direction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100