Nelnet Reports Third Quarter 2024 Results
Portfolio Pulse from
Nelnet reported a significant decrease in GAAP net income for Q3 2024, with earnings of $2.4 million compared to $44.4 million in the same quarter last year.
November 07, 2024 | 9:30 pm
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NEGATIVE IMPACT
Nelnet's Q3 2024 earnings report shows a drastic decline in net income, with earnings per share dropping from $1.18 to $0.07 compared to the previous year.
The significant decrease in net income and earnings per share is likely to negatively impact investor sentiment and the stock price in the short term. The comparison to the previous year's much higher earnings highlights the extent of the decline.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100