Nelnet Full Year 2023 Earnings: Misses Expectations

Nelnet (NYSE:NNI) Full Year 2023 Results

Key Financial Results

• Revenue: US$1.19b (down 22% from FY 2022).
• Net income: US$91.5m (down 78% from FY 2022).
• Profit margin: 7.7% (down from 27% in FY 2022).
• EPS: US$2.45 (down from US$10.83 in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Nelnet Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 5.9%. Earnings per share (EPS) also missed analyst estimates by 44%.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Consumer Finance industry in the US.

Performance of the American Consumer Finance industry.

The company's shares are down 4.6% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 3 warning signs for Nelnet (1 is potentially serious) you should be aware of.

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