NAVI
$11.28
Navient Cp
$.08
.71%
Earnings Details
3rd Quarter September 2020
Tuesday, October 20, 2020 4:20:00 PM
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Summary

Navient Cp Beats

Navient Cp (NAVI) reported 3rd Quarter September 2020 earnings of $0.99 per share on revenue of $938.0 million. The consensus earnings estimate was $0.78 per share on revenue of $282.0 million. The Earnings Whisper number was $0.86 per share. Revenue fell 31.1% compared to the same quarter a year ago.

The company said during its conference call it expects 2020 earnings of $3.25 to $3.28 per share. The company's previous guidance was earnings of $2.95 to $3.00 per share and the current consensus earnings estimate is $2.98 per share for the year ending December 31, 2020.

Navient Corp, through its subsidiaries is engaged in originating, servicing and collecting education loans.

Results
Reported Earnings
$0.99
Earnings Whisper
$0.86
Consensus Estimate
$0.78
Reported Revenue
$938.0 Mil
Revenue Estimate
$282.0 Mil
Growth
Earnings Growth
Revenue Growth
Power Rating
Grade
Earnings Release

Navient posts third-quarter 2020 financial results

WILMINGTON, Del., Oct. 20, 2020 (GLOBE NEWSWIRE) -- Navient (Nasdaq: NAVI), a leading provider of education loan management and business processing solutions, today posted its 2020 third-quarter financial results. The complete financial results release is available on the company’s website at Navient.com/investors.The results will also be available on Form 8-K on the SEC’s website at www.sec.gov.

Navient will hold a conference call tomorrow, October 21, 2020 at 8 a.m. ET, hosted by Jack Remondi, president and CEO, and Joe Fisher, CFO.

To access the conference call, dial 855-838-4156 (USA and Canada) or 267-751-3600 (international) and use access code 1654327 starting at 7:45 a.m. ET. The live audio webcast will be available on Navient.com/investors. Supplemental financial information and presentation slides used during the call will be available on the company’s website no later than the call’s start time.

A replay may be accessed approximately two hours after the call through November 4, 2020 at 855-859-2056 (USA and Canada) or 404-537-3406 (international), with access code 1654327.

About Navient
Navient (Nasdaq: NAVI) is a leading provider of education loan management and business processing solutions for education, healthcare, and government clients at the federal, state, and local levels. Navient helps clients and millions of Americans achieve success through technology-enabled financing, services, and support. Learn more at Navient.com.

Contact:
Media: Paul Hartwick, 302-283-4026, paul.hartwick@navient.com
Investor: Nathan Rutledge, 703-984-6801, nathan.rutledge@navient.com


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Source: Navient Corporation