SLM Corp Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component SLM Corp (NYSE:SLM) will unveil its latest earnings on Wednesday, January 18, 2012. SLM originates, services and collects student loans. It provides funding, delivery and servicing support for education loans in the United States.

SLM Corp Earnings Preview Cheat Sheet.

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 51 cents per share, a decline of 32% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 50 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 51 cents during the last month. For the year, analysts are projecting profit of $1.83 per share, a decline of 4.7% from last year.

Past Earnings Performance: The company met estimates last quarter after beating the forecasts in the prior two. In the third quarter, the company reported net income of 36 cents per share versus a mean estimate of profit of 36 cents per share. In the second quarter, the company beat estimates by 6 cents.

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Wall St. Revenue Expectations: Analysts are projecting a decline of 17.6% in revenue from the year-earlier quarter to $706 million.

Analyst Ratings: The limited number of analysts covering the stock seem bullish with three analysts rating it as a buy, none rating it as a sell and none rating it as a hold.

A Look Back: In the third quarter, the company’s loss narrowed to a loss of $47 million (10 cents a share) from a loss of $494.9 million ($1.06) a year earlier, meeting analyst expectations. Revenue fell 20.4% to $1.09 billion from $1.37 billion.

Key Stats:.

Revenue has fallen in the past four quarters. Revenue declined 43.4% in the second quarter from the year earlier, dropped 14.2% in first quarter from the year-ago quarter and 12.7% in the fourth quarter of the last fiscal year.

Competitors to Watch: Nelnet, Inc. (NYSE:NNI), The Student Loan Corp. (NYSE:STU), Discover Financial Services (NYSE:DFS), American Express Company (NYSE:AXP), The First Marblehead Corp. (NYSE:FMD), Federal National Mortgage Association (FNMA), QC Holdings, Inc. (NASDAQ:QCCO), Advance America, Cash Advance Centers (NYSE:AEA), World Acceptance Corp. (NASDAQ:WRLD), and Federal Home Loan Mortgage Corp (FMCC).

Stock Price Performance: During October 17, 2011 to January 12, 2012, the stock price had risen 82 cents (6.4%) from $12.88 to $13.70. It saw one of its worst periods between November 15, 2011 and November 25, 2011 when shares fell for eight-straight days, falling 13.5% (-$1.85) over that span. The stock price saw one of its best stretches over the last year between June 22, 2011 and June 29, 2011 when shares rose for six-straight days, rising 3.8% (+61 cents) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks).

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