Nelnet Inc reports results for the quarter ended June 30 - Earnings Summary

• Nelnet Inc NNI.N reported quarterly adjusted earnings of $1.37​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $1.23. The lone analyst forecast for the quarter was for earnings of $1.91 per share.

• Revenue rose 12.5% to $365.57 million from a year ago; analysts expected $379.44 million.

• Nelnet Inc's reported EPS for the quarter was $4.97​.

• The company reported quarterly net income of $181.46 million.

• Nelnet Inc shares had risen by 3.0% this quarter and gained 16.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 22.8% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

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 "buy."

• Wall Street's median 12-month price target for Nelnet Inc is $130.00, about 3.2% above its last closing price of $125.81

This summary was machine generated from LSEG data August 7 at 04:41 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)