Navient's (NAVI) Q2 Earnings to be Hurt by a Decline in NII

This Wilmington, DE-based lender's first-quarter 2024 earnings surpassed the Zacks Consensus Estimate. Results were driven by a rise in total other income and a fall in expenses. However, a decline in net interest income (NII) dented quarterly results. NAVI's activities in the to-be-reported quarter were inadequate to gain analysts' confidence. As a result, the Zacks Consensus Estimate for second-quarter earnings of 41 cents per share has been revised marginally downward in the past month. However, the figu ...