Nelnet Full Year 2024 Earnings: Beats Expectations

Nelnet (NYSE:NNI) Full Year 2024 Results

Key Financial Results

• Revenue: US$1.40b (up 19% from FY 2023).
• Net income: US$184.0m (up 101% from FY 2023).
• Profit margin: 13% (up from 7.8% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: US$5.02 (up from US$2.45 in FY 2023).

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

Nelnet Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 7.6%. Earnings per share (EPS) also surpassed analyst estimates by 11%.

Looking ahead, revenue is forecast to grow 3.2% p.a. on average during the next 2 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 up 8.4% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for Nelnet that you need to be mindful of.

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