Navient Q1 Net Income $17M Beats EPS Forecast, Revenue $716M
Navient reported first-quarter net income of $17 million (17 cents per share), with adjusted EPS of 20 cents, surpassing analyst estimates of 17 cents. The company recorded $716 million in revenue and $126 million in adjusted revenue, falling short of the $128.1 million consensus.
1. Q1 Financial Results
Navient reported first-quarter net income of $17 million, equating to 17 cents per share, and delivered adjusted earnings of 20 cents, outpacing estimates of 17 cents. Total revenue was $716 million, while adjusted revenue of $126 million underperformed the $128.1 million consensus.
2. Shareholder Webcast Details
Navient will host a live audio webcast today at 8 a.m. ET, featuring President and CEO David Yowan and CFO Steve Hauber. Supplemental financial information and presentation slides will be available on the company’s investor website at the start of the call.