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Navient Q1 2023 Earnings Report

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$14.63 -0.13 (-0.88%)
(As of 11:19 AM ET)

Navient EPS Results

Actual EPS
$1.06
Consensus EPS
$0.88
Beat/Miss
Beat by +$0.18
One Year Ago EPS
$0.90

Navient Revenue Results

Actual Revenue
$1.16 billion
Expected Revenue
$230.68 million
Beat/Miss
Beat by +$928.32 million
YoY Revenue Growth
N/A

Navient Announcement Details

Quarter
Q1 2023
Time
Before Market Opens

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Navient Earnings Headlines

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Navient price target lowered to $15 from $15.50 at JPMorgan
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About Navient

Navient (NASDAQ:NAVI) provides technology-enabled education finance and business processing solutions for education, health care, and government clients in the United States. It operates through three segments: Federal Education Loans, Consumer Lending, and Business Processing. The company owns Federal Family Education Loan Program (FFELP) loans that are insured or guaranteed by state or not-for-profit agencies; and performs servicing on its portfolios, as well as federal education loans held by other institutions. It also owns, originates, and services refinance and in-school private education loans; and offers business processing solutions, such as omnichannel contact center, workflow processing, and revenue cycle optimization services to federal agencies, state governments, tolling and parking authorities, other public sector clients, as well as hospitals, hospital systems, medical centers, large physician groups, other healthcare providers, and public health departments. In addition, the company provides corporate liquidity portfolio services. Navient Corporation was founded in 1973 and is headquartered in Herndon, Virginia.

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