SLM Corp reports results for the quarter ended March 31 - Earnings Summary

• SLM Corp SLM.OQ reported quarterly adjusted earnings of $1.40​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $1.27. The mean expectation of twelve analysts for the quarter was for earnings of $1.19 per share. Wall Street expected results to range from 97 cents to $1.33 per share.

• Revenue fell 3.1% to $374.97 million from a year ago; analysts expected $394.51 million.

• SLM Corp's reported EPS for the quarter was $1.40​.

• The company reported quarterly net income of $300.58 million.

• SLM Corp shares had fallen by 7.6% this quarter and lost 1.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 22.6% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy," 2 "hold" and no "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 $33.00

This summary was machine generated from LSEG data April 24 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)