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Navient (NAVI)
NASDAQ:NAVI
Earnings Data
Report Date
Jan 29, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.22Last Year’s EPS
0.21Same Quarter Last Year
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 23, 2018
|% Change Since: -6.58%
|Next Earnings Date:Jul 24, 2018
Earnings Call Sentiment|Neutral
The earnings call reflects a company in transition, achieving significant strategic milestones and cost reductions while facing challenges such as losses in core earnings, increased delinquencies, and restructuring costs. While the highlights demonstrate strong strategic execution and growth in consumer lending, the lowlights highlight ongoing financial and operational challenges.Company Guidance
During Navient's fourth-quarter earnings call for 2024, the company provided detailed guidance for 2025, emphasizing several key financial metrics and strategic initiatives. Navient reported a GAAP earnings per share of $0.22 for the quarter and a full-year GAAP EPS of $1.18. On a core earnings basis, the fourth-quarter results were a loss per share of $0.24, with a full-year core EPS of $2. The guidance for 2025 projects core earnings per share to range between $1.00 and $1.20, excluding $0.26 of expenses related to transition services agreements. The company anticipates a 30% growth in loan originations, primarily in the second half of the year, and expects to maintain a net interest margin between 270 and 280 basis points for its Consumer Lending segment. Navient plans to continue optimizing its cost structure, targeting a reduction of $120 million in annual expenses, and aims to capitalize on potential opportunities from federal loan policy changes. The company also highlighted its strategic focus on growing its consumer segment and improving shareholder value by leveraging its streamlined operations and potential new product offerings.Achievement of Strategic Goals
Navient successfully met its ambitious goal of finalizing several key transactions during 2024 on an aggressive timeline, including the divestment of government services and the sale of its healthcare business.
Strong Consumer Lending Growth
Consumer Lending business generated strong loan origination growth during 2024 with refinance volume growth exceeding $1 billion, 60% higher than the prior year, and in-school volume growing 13%.
Cost Reduction Success
Navient achieved significant cost reductions, yielding $120 million in annual savings, which equates to nearly 40% of the shared costs and overhead being reduced without affecting growth capabilities.
Positive Impact of Healthcare Sale
The sale of the healthcare business unlocked value in a non-strategic business, allowing Navient to increase share repurchases and retire unsecured debt.
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NAVI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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NAVI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 29, 2025 | $14.75 | $14.27 | -3.25% |
| Oct 30, 2024 | $14.98 | $15.03 | +0.33% |
| Jul 24, 2024 | $15.22 | $15.37 | +0.99% |
| Apr 24, 2024 | $16.08 | $15.59 | -3.05% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Navient (NAVI) report earnings?
Navient (NAVI) is schdueled to report earning on Jan 29, 2025, TBA Not Confirmed.
What is Navient (NAVI) earnings time?
Navient (NAVI) earnings time is at Jan 29, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NAVI EPS forecast?
NAVI EPS forecast for the fiscal quarter 2024 (Q4) is 0.22.
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