SLM Corporation (SLM) said after close Wednesday that it lost $0.33 per share in quarter four 2022. The company reported earnings on an adjusted basis, so it may not be directly comparable to analyst estimates or prior periods.
On the revenue line, the company reported $381.4 million, beating estimates by $18.8 million.
In the same quarter a year ago, the company earned $1.05 per share on revenue of $367 million.
The stock is down 17.42% to $14.69 after the report.
The firm’s higher revenue growth to earnings signals that the firm has not been able to reduce costs and has seen its profit margin decrease.
Wall Street Analysts had an average rating of Buy on the stock prior to the report.
InvestorsObserver gives the stock a Bullish Sentiment score at the moment based on recent trading.
SLM Corporation has performed a little above average during the past few months. Before the report, SLM Corporation received a Long-Term Technical Rank by InvestorsObserver of 58, putting it in the top half of stocks. The firm set a 52-week low on September 27, 2022 at $13.72 and set a 52-week high on February 16, 2022 at $20.75.
SLM Corp is the largest student lender in the country. It makes and holds student loans through the guaranteed Federal Family Education Loan Program as well as through private channels. It also engages in debt-management operations, including accounts receivable and collections services, and runs college savings programs.
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