Earnings Preview: SLM

SLM (NASDAQ:SLM) is set to give its latest quarterly earnings report on Wednesday, 2024-10-23. Here's what investors need to know before the announcement.

Analysts estimate that SLM will report an earnings per share (EPS) of $0.06.

SLM bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Earnings History Snapshot

During the last quarter, the company reported an EPS beat by $0.27, leading to a 2.71% drop in the share price on the subsequent day.

Here's a look at SLM's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

0.84

1.07

0.89

0.31

EPS Actual

1.11

1.27

0.72

0.11

Price Change %

-3.0%

-1.0%

3.0%

1.0%

Tracking SLM's Stock Performance

Shares of SLM were trading at $22.95 as of October 21. Over the last 52-week period, shares are up 76.64%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.

Insights Shared by Analysts on SLM

For investors, grasping market sentiments and ...