SLM First Quarter 2024 Earnings: Beats Expectations
SLM (NASDAQ:SLM) First Quarter 2024 Results
Key Financial Results
Revenue: US$549.1m (up 76% from 1Q 2023).
Net income: US$285.3m (up 149% from 1Q 2023).
Profit margin: 52% (up from 37% in 1Q 2023). The increase in margin was driven by higher revenue.
EPS: US$1.29 (up from US$0.47 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
SLM Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 4.6%. Earnings per share (EPS) also surpassed analyst estimates by 15%.
Looking ahead, revenue is expected to decline by 3.3% p.a. on average during the next 3 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 up 5.5% from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 5 warning signs for SLM (3 are concerning!) that you need to be mindful of.
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