SLM Corp reports results for the quarter ended December 31 - Earnings Summary

• SLM Corp SLM.OQ reported quarterly adjusted earnings of 50 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of 91 cents. The mean expectation of twelve analysts for the quarter was for earnings of 55 cents per share. Wall Street expected results to range from 44 cents to 63 cents per share.

• Revenue fell 6.1% to $362.19 million from a year ago; analysts expected $373.96 million.

• SLM Corp's reported EPS for the quarter was 50 cents​.

• The company reported quarterly net income of $107.19 million.

• SLM Corp shares had risen by 5.4% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 2.5% in the last three months.​

• In the last 30 days, three analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the consumer lending peer group is also "buy"

Wall Street's median 12-month price target for SLM Corp is $32.00

This summary was machine generated from LSEG data January 23 at 10:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)