SLM (NASDAQ:SLM) Third Quarter 2024 Results
Key Financial Results
- Revenue: US$112.5m (down 47% from 3Q 2023).
- Net loss: US$49.8m (down by 301% from US$24.7m profit in 3Q 2023).
- US$0.23 loss per share (down from US$0.11 profit in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
SLM Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 2.5%. Earnings per share (EPS) was also behind analyst expectations.
Looking ahead, revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Consumer Finance industry in the US.
Performance of the American Consumer Finance industry.
The company's shares are down 6.0% from a week ago.
Risk Analysis
You should learn about the 4 warning signs we've spotted with SLM (including 3 which are concerning).
New: Manage All Your Stock Portfolios in One Place
We've created the ultimate portfolio companion for stock investors, and it's free.
• Connect an unlimited number of Portfolios and see your total in one currency
• Be alerted to new Warning Signs or Risks via email or mobile
• Track the Fair Value of your stocks
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.
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 slight.
