Navient(US:NAVI) ZACKS·2024-10-30 14:10Company Performance - Navient reported quarterly earnings of $0.28 per share, exceeding the Zacks Consensus Estimate of $0.23 per share, but down from $0.84 per share a year ago, representing an earnings surprise of 21.74% [1] - The company posted revenues of $140 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 6.69%, and down from $280 million year-over-year [2] - Over the last four quarters, Navient has surpassed consensus EPS estimates three times but has not beaten consensus revenue estimates [2] Stock Outlook - Navient shares have declined approximately 18.7% since the beginning of the year, contrasting with the S&P 500's gain of 22.3% [3] - The current consensus EPS estimate for the upcoming quarter is $0.37 on revenues of $151.59 million, and for the current fiscal year, it is $1.34 on revenues of $596.38 million [7] Industry Context - The Financial - Consumer Loans industry, to which Navient belongs, is currently ranked in the bottom 37% of over 250 Zacks industries, indicating potential challenges for stock performance [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact investor sentiment [5]