In This Article:
SLM (NASDAQ:SLM) Full Year 2024 Results
Key Financial Results
-
Revenue: US$1.44b (down 1.6% from FY 2023).
-
Net income: US$590.0m (up 4.7% from FY 2023).
-
Profit margin: 41% (up from 39% in FY 2023). The increase in margin was driven by lower expenses.
-
EPS: US$2.73 (up from US$2.44 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
SLM EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.2%.
In the last 12 months, the only revenue segment was Financial Services - Consumer contributing US$1.44b. Explore how SLM's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Consumer Finance industry in the US.
Performance of the American Consumer Finance industry.
The company's shares are down 2.4% from a week ago.
Risk Analysis
It's necessary to consider the ever-present spectre of investment risk. We've identified 4 warning signs with SLM (at least 2 which are a bit concerning), and understanding them should be part of your investment process.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.