Yahoo Finance Navient First Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag
Navient (NASDAQ:NAVI) First Quarter 2024 Results
Key Financial Results
Revenue: US$275.0m (down 18% from 1Q 2023).
Net income: US$73.0m (down 34% from 1Q 2023).
Profit margin: 27% (down from 33% in 1Q 2023). The decrease in margin was driven by lower revenue.
EPS: US$0.65 (down from US$0.86 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Navient EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 11%. Earnings per share (EPS) exceeded analyst estimates by 4.9%.
Looking ahead, revenue is expected to decline by 32% p.a. on average during the next 2 years, while revenues in the Consumer Finance industry in the US are expected to grow by 11%.
Performance of the American Consumer Finance industry.
The company's shares are down 3.1% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 2 warning signs for Navient you should be aware of, and 1 of them makes us a bit uncomfortable.
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