Stock Analysis
SLM (NASDAQ:SLM) Second Quarter 2024 Results
Key Financial Results
- Revenue: US$497.1m (down 3.1% from 2Q 2023).
- Net income: US$247.4m (down 5.1% from 2Q 2023).
- Profit margin: 50% (down from 51% in 2Q 2023).
- EPS: US$1.13.
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 4.0%. Earnings per share (EPS) also surpassed analyst estimates by 39%.
Looking ahead, revenue is expected to decline by 2.0% p.a. on average during the next 3 years, while revenues in the Consumer Finance industry in the US are expected to grow by 12%.
Performance of the American Consumer Finance industry.
The company's shares are down 1.5% from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 3 warning signs for SLM (of which 2 make us uncomfortable!) you should know about.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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About NasdaqGS:SLM
SLM
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.
