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Though subdued consumer sentiments and poor asset quality are likely to hurt the Zacks Consumer Loans industry, the digitization of operations and easing lending standards are likely to support Cooper Group (COOP) and Navient (NAVI).
Is Navient (NAVI) a great pick from the value investor's perspective right now? Read on to know more.
A fall in total other income and higher costs hinder Navient's (NAVI) third-quarter 2023 earnings. However, a rise in core NII acts as a tailwind.
Navient Corporation. (NASDAQ:NAVI ) Q3 2023 Earnings Conference Call October 25, 2023 8:00 AM ET Company Participants Jen Earyes - VP, IR Dave Yowan - CEO Joe Fisher - CFO Conference Call Participants Sanjay Sakhrani - KBW Richard Shane - JPMorgan Bill Ryan - Seaport Research Partners Arren Cyganovich - Citi Jeffrey Adelson - Morgan Stanley Operator Good day.
Navient's (NAVI) Q3 earnings results are likely to reflect sequential improvement in net interest income, as well as asset recovery and business processing revenues.
HERNDON, Va., Oct. 11, 2023 (GLOBE NEWSWIRE) -- Navient (Nasdaq: NAVI), a leader in technology-enabled education finance and business processing solutions, will host an audio webcast to review its 2023 third quarter financial results on Wednesday, Oct. 25, 2023, at 8:00 a.m. Eastern Time. The results are scheduled to be released the same day by 7:00 a.m. on Navient.com/investors. In addition to being available on the company's investor website, the results will be filed with the SEC on a Form 8-K available at SEC.gov.
Stocks of companies related to student loans have experienced a drop in value ahead of the restart of student loan payments after a three-year pause and amid the Biden administration's efforts to cancel some of that debt.
Navient Corporation's revenue has declined by 18% YoY, raising concerns about the impact of the new CEO's leadership. Investing in educational loan offerings like Navient is risky due to the uncertain market environment and loan forgiveness discussions. Navient generates substantial cash flows from educational financing and aims to focus on lending for potential growth in the future.
A fall in core NII and total other income, and higher expenses hinder Navient's (NAVI) second-quarter 2023 earnings.
Navient (NAVI) came out with quarterly earnings of $0.70 per share, missing the Zacks Consensus Estimate of $0.76 per share. This compares to earnings of $0.92 per share a year ago.