Nelnet Inc reports results for the quarter ended December 31 - Earnings Summary

• Nelnet Inc NNI.N reported quarterly adjusted earnings of $1.73​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of -4 cents. The lone analyst forecast for the quarter was for earnings of $1.23 per share.

• Revenue rose 54.1% to $401.61 million from a year ago; analysts expected $335.47 million.

• Nelnet Inc's reported EPS for the quarter was $1.73​.

• The company reported quarterly net income of $63.16 million.

• Nelnet Inc shares had risen by 4.9% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell."

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

Wall Street's median 12-month price target for Nelnet Inc is $110.00

This summary was machine generated from LSEG data February 28 at 12:23 a.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)