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NEWARK, Del.--(BUSINESS WIRE)--Sallie Mae® (Nasdaq: SLM), formally SLM Corporation, will release second-quarter 2023 financial results after market close on Wednesday, July 26, 2023. A live audio webcast and presentation slides will be available at SallieMae.com/investors and the hosting website on Thursday, July 27, 2023, at 8 a.m. ET. Investors should log in at least 15 minutes prior to the broadcast. For those dialing in or participating in the question and answer portion of the earnings cal.
Strategic buyouts, rising NII and loan growth to aid Sallie Mae's (SLM) revenues in the upcoming period. However, overdependence on brokered deposits as a funding source and high costs are concerns.
Sallie Mae (SLM) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
SLM Corp (SLM) Q1 2023 Earnings Call Transcript.
An increase in NII on higher interest rates and robust loan originations, along with lower provisions for credit losses, drives Sallie Mae's (SLM) Q1 earnings.
Sallie Mae (SLM) came out with quarterly earnings of $0.47 per share, beating the Zacks Consensus Estimate of $0.35 per share. This compares to earnings of $0.46 per share a year ago.
NEWARK, Del.--(BUSINESS WIRE)--Sallie Mae® (Nasdaq: SLM), formally SLM Corporation, will release first-quarter 2023 financial results after market close on Wednesday, April 26, 2023. A live audio webcast and presentation slides will be available at SallieMae.com/investors and the hosting website on Thursday, April 27, 2023, at 8 a.m. ET. Investors should log in at least 15 minutes prior to the broadcast.
Sallie Mae (SLM) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
The mean of analysts' price targets for Sallie Mae (SLM) points to a 36.3% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
Secular growth trends in the private student lending industry will drive loan originations for Sallie Mae (SLM). Yet, high debt seems unmanageable relative to a smaller cash position.