- Tools for Investors
- Stock News
- Investing Ideas
- Econ & Policy
- Personal Finance
S&P 500 (NYSE:SPY) component SLM (NASDAQ:SLM) will unveil its latest earnings tomorrow, Wednesday, January 16, 2013. SLM originates, services and collects student loans. It provides funding, delivery and servicing support for education loans in the United States.
SLM Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for profit of 53 cents per share, a rise of 3.9% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 57 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 53 cents during the last month. Analysts are projecting profit to rise by 17.5% versus last year to $2.15.
Last quarter, the company came in at net income of 58 cents per share against a mean estimate of profit of 54 cents per share, beating estimates after missing them in the previous quarter. In the second quarter, it missed forecasts by 5 cents.
A Look Back: In the third quarter, the company swung to a profit of $188 million (39 cents a share) from a loss of $47 million (10 cents) a year earlier, beating analyst estimates. Revenue rose 25.6% to $1.37 billion from $1.09 billion.
Here’s how SLM traded following its last earnings report 3 months ago and leading up to its upcoming earnings report this week:
Don't miss one of the biggest bull markets in history! Covers Gold, Silver, Gold & Silver stocks, and miners.
There's always a bull market in some sector! Find the best opportunities in commodities.