SLM Corporation (NASDAQ:SLM) is reporting third quarter financial results on Wednesday 21st October 2020, after market close.
According to analysts surveyed by Thomson Reuters, SLM is expected to report 3Q20 income of $ 0.08 per share from revenue of $ 363.06 million.
For the full year, analysts anticipate top line of $ 1526.20 million, while looking forward to income of $ 0.96 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 1.85 ~ $ 1.91 per share
Click Here For More Historical Outlooks Of SLM Corporation
Previous Quarter Performance
SLM Corporation recorded loss for the second quarter of $ 0.22 per share, from the revenue of $ 348.77 million. The quarterly revenues shrunk 12.12 percent compared with the same quarter last year. Wall street analysts are predicting, SLM to report 2Q20 income of $ 0.11 per share from revenue of $ 345.86 million. The bottom line results missed street analysts by $ 0.33 or 300 percent, at the same time, top line results outshined analysts by $ 2.91 million or 0.84 percent.
Stock Performance
Shares of SLM Corporation traded low $ -0.01 or -0.11 percent on Tuesday, reaching $ 9.44 with volume of 2.65 million shares. SLM Corporation has traded high as $ 9.69 and has cracked $ 9.44 on the downward trend
The closing price of $ 9.44, representing a 68.75 % increase from the 52 week low of $ 5.60 and a 23.3 % decrease over the 52 week high of $ 12.32.
The company has a market capital of $ 3.54 billion and is part of the Financial Services sector and Credit Services industry.
Conference Call
SLM Corporation will be hosting a conference call at 8:00 AM eastern time on 22nd October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.salliemae.com
SLM Corporation, through its subsidiaries, operates as a saving, planning, and paying for college company in the United States. The company originates and services private education loans to students or their families. It also offers retail deposit accounts, including certificates of deposit, money market deposit accounts, and high yield savings accounts; omnibus accounts; and a consumer savings network that provides financial rewards on everyday purchases to help families save for college.
