Wall Street analysts forecast that Sallie Mae (SLM) will report quarterly earnings of $0.12 per share in its upcoming release, pointing to a year-over-year decline of 81%. It is anticipated that revenues will amount to $353.66 million, exhibiting a decrease of 5.2% compared to the year-ago quarter.
The current level reflects an upward revision of 27.2% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
That said, let's delve into the average estimates of some Sallie Mae metrics that Wall Street analysts commonly model and monitor.
The combined assessment of analysts suggests that 'Net Interest Margin' will likely reach 4.9%. Compared to the present estimate, the company reported 5.2% in the same quarter last year.
According to the collective judgment of analysts, 'Net Interest Income' should come in at $349.10 million. The estimate is in contrast to the year-ago figure of $372.98 million.
It is projected by analysts that the 'Gains (losses) on sales of loans, net' will reach $47.28 million. The estimate is in contrast to the year-ago figure of $135.96 million.
Analysts forecast 'Total Non-Interest Income' to reach $102.97 million. The estimate is in contrast to the year-ago figure of $172.70 million.
View all Key Company Metrics for Sallie Mae here>>>Sallie Mae shares have witnessed a change of -8.2% in the past month, in contrast to the Zacks S&P 500 composite's +1% move. With a Zacks Rank #3 (Hold), SLM is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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