SLM Corp reports results for the quarter ended September 30 - Earnings Summary

• SLM Corp reported quarterly adjusted earnings of 29 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 63 cents. The mean expectation of eleven analysts for the quarter was for earnings of 30 cents per share. Wall Street expected results to range from -10 cents to 77 cents per share.

• Revenue fell 9% to $339.32 million from a year ago; analysts expected $381.09 million.

• SLM Corp's reported EPS for the quarter was a loss of 19 cents​.

• The company reported a quarterly loss of $35.9 million.

• SLM Corp shares had risen by 0.9% this quarter and lost 15.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 32% in the last three months.​

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

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy," 3 "hold" and 1 "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 $29.00, about 21.3% above its last closing price of $22.83

This summary was machine generated from LSEG data October 22 at 09:01 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)