Yahoo Finance SLM First Quarter 2024 Earnings: Beats Expectations
SLM (NASDAQ:SLM) First Quarter 2024 Results
Key Financial Results
Revenue: US$549.1m (up 76% from 1Q 2023).
Net income: US$285.3m (up 149% from 1Q 2023).
Profit margin: 52% (up from 37% in 1Q 2023). The increase in margin was driven by higher revenue.
EPS: US$1.29 (up from US$0.47 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
SLM Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 4.6%. Earnings per share (EPS) also surpassed analyst estimates by 15%.
Looking ahead, revenue is expected to decline by 3.3% p.a. on average during the next 3 years, while revenues in the Consumer Finance industry in the US are expected to grow by 11%.
Performance of the American Consumer Finance industry.
The company's shares are up 5.5% from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 5 warning signs for SLM (3 are concerning!) that you need to be mindful of.
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.
