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Navient Corporation (NAVI)
:NAVI
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Earnings Data
Report Date
Jan 29, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.22Last Year’s EPS
0.21Same Quarter Last Year
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 23, 2018
|% Change Since: -7.08%
|Next Earnings Date:Jul 24, 2018
Earnings Call Sentiment|Neutral
The earnings call reflected a mix of positive developments, such as significant loan origination growth and strategic actions like share repurchases and business divestitures, alongside notable challenges including GAAP EPS loss, regulatory expenses, and difficulties in the Government Services segment.Company Guidance
During Navient's third-quarter 2024 earnings call, the company provided several financial metrics and strategic updates. David L. Yowan, CEO, highlighted that Navient achieved GAAP EPS loss of $0.02, while core EPS was $1.45, with adjustments for significant items like a $1.54 gain from the sale of healthcare services and $0.98 impairment related to their Government Services business. They reported a net interest margin increase to 46 basis points for Federal Education Loans and a 9% decrease in total expenses to $170 million, excluding regulatory costs. Navient also doubled its targeted share repurchases for Q4, indicating a $40 million increase in planned buybacks. Loan origination was robust, with year-to-date volumes at $1.37 billion, up 39% from the previous year. The company remains focused on reducing expenses, having restructured to a more variable cost-based servicing structure, and is actively pursuing the sale of Government Services to further optimize its operations.Significant Loan Origination Growth
Year-to-date loan originations reached $1.37 billion, marking a 39% increase over the previous year.
Share Repurchase Increase
Navient plans to more than double its targeted share repurchases in the fourth quarter compared to the third quarter, adding $40 million to planned repurchases.
Health Care Business Sale
The sale of the healthcare business was completed at a price of $369 million, reflecting full value.
Federal Education Loan Segment Performance
Net interest margin increased to 46 basis points from 36 in the prior quarter, with a decline in prepayments.
Core Earnings Per Share
Core EPS was reported at $1.45 for the third quarter.
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NAVI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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NAVI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $14.98 | $15.03 | +0.33% |
| Jul 24, 2024 | $15.22 | $15.37 | +0.99% |
| Apr 24, 2024 | $16.08 | $15.59 | -3.05% |
| Jan 31, 2024 | $17.22 | $16.51 | -4.12% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Navient Corporation (NAVI) report earnings?
Navient Corporation (NAVI) is schdueled to report earning on Jan 29, 2025, TBA Not Confirmed.
What is Navient Corporation (NAVI) earnings time?
Navient Corporation (NAVI) earnings time is at Jan 29, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NAVI EPS forecast?
NAVI EPS forecast for the fiscal quarter 2024 (Q4) is 0.22.
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