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A Preview Of Navient's Earnings

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Navient (NASDAQ: NAVI) unveils its next round of earnings this Tuesday, October 20. Here is Benzinga's everything-that-matters guide for the earnings announcement.

Earnings and Revenue

Based on management's projections, Navient analysts model for earnings of $0.78 per share on sales of $281.86 million. Navient reported a profit of $0.65 per share when it published results during the same quarter last year. Sales in that period totaled $309.00 million. The Wall Street estimate would represent a 20.0% increase in the company's earnings. Revenue would be down 8.78% from the same quarter last year. In comparison to analyst estimates in the past, here is how the company's reported EPS stacks up:

Quarter Q2 2020 Q1 2020 Q4 2020 Q3 2019
EPS Estimate 0.47 0.60 0.57 0.57
EPS Actual 0.91 0.51 0.67 0.65
Revenue Estimate 272.00 M 288.43 M 296.67 M 284.43 M
Revenue Actual 329.00 M 297.00 M 294.00 M 309.00 M

Stock Performance

Shares of Navient were trading at $9.79 as of October 16. Over the last 52-week period, shares are down 18.35%. Given that these returns are generally negative, long-term shareholders are probably down going into this earnings release.

Do not be surprised to see the stock move on comments made during its conference call. Navient is scheduled to hold the call at 08:00:00 ET and can be accessed here: https://edge.media-server.com/mmc/p/rge3hj6b

 

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