SLM Third Quarter 2024 Earnings: Misses Expectations

Simply Wall St.10-25

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...

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All figures shown in the chart above are for the trailing 12 month  period. Revenue missed analyst estimates by 2.5%. Earnings per share  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.The company's shares are down 6.0% from a week ago.Every company has them, and we've spotted   4 warning signs for SLM   (of which 3 are a bit unpleasant!","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"SLM":"学贷美","SLMBP":"学贷美B类优先股"},"translate_title":"SLM 2024年第三季度收益：未达预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SLM":1,"SLMBP":0.9},"content_text":"SLM (NASDAQ:SLM) Third Quarter 2024 Results\nKey Financial Results\n\nRevenue: US$112.5m (down 47% from 3Q 2023).\nNet loss: US$49.8m (down by 301% from US$24.7m profit in 3Q 2023).\nUS$0.23 loss per share (down from US$0.11 profit in 3Q 2023).\n\n\n\n\n  NasdaqGS:SLM Earnings and Revenue Growth October 25th 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nSLM Revenues and Earnings Miss Expectations\n Revenue missed analyst estimates by 2.5%. Earnings per share (EPS) was also behind analyst expectations. \n 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. \nPerformance of the American Consumer Finance industry.\n The company's shares are down 6.0% from a week ago. \nRisk Analysis\n What about risks? Every company has them, and we've spotted   4 warning signs for SLM   (of which 3 are a bit unpleasant!) you should know about. \nHave 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.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2478098300"}