Stock Analysis
SLM (NASDAQ:SLM) First Quarter 2024 Results
Key Financial Results
- Revenue: US$549.1m (up 76% from 1Q 2023).
- Net income: US$285.3m (up 149% from 1Q 2023).
- Profit margin: 52% (up from 37% in 1Q 2023). The increase in margin was driven by higher revenue.
- EPS: US$1.29 (up from US$0.47 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
SLM Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 4.6%. Earnings per share (EPS) also surpassed analyst estimates by 16%.
Looking ahead, revenue is expected to decline by 3.3% p.a. on average during the next 3 years, while revenues in the Consumer Finance industry in the US are expected to grow by 11%.
Performance of the American Consumer Finance industry.
The company's shares are up 3.8% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 5 warning signs for SLM (3 don't sit too well with us!) that you should be aware of.
Valuation is complex, but we're helping make it simple.
Find out whether SLM is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
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About NasdaqGS:SLM
SLM
SLM Corporation, through its subsidiaries, originates and services private education loans to students and their families to finance the cost of their education in the United States.
Undervalued with acceptable track record.