Sallie Mae (SLM) Misses Q2 EPS by 1c, Beats on Revenues; Offers Soft FY17 EPS Guidance

Sallie Mae (NASDAQ: SLM) reported Q2 EPS of $0.15, $0.01 worse than the analyst estimate of $0.16. Revenue for the quarter came in at $270 million versus the consensus estimate of $264.64 million.

• Private Education Loan Portfolio Grows 27 Percent From Year-Ago Quarter to $15.5 Billion
• Net Interest Income Increases 27 Percent From Year-Ago Quarter to $270 Million
• Diluted Earnings Per Share Up 25 Percent from Year-Ago Quarter to $0.15
• Private Education Loan Originations For the Quarter Totaled $431 Million

GUIDANCE:

Sallie Mae sees FY2017 EPS of $0.71-$0.72, versus the consensus of $0.73.

The company expects 2017 results to be as follows:

• Full-year diluted core earnings per share: $0.71 - $0.72.
• Full-year private education loan originations of $4.9 billion.
• Full-year non-GAAP operating efficiency ratio: 38 percent - 39 percent.

For earnings history and earnings-related data on Sallie Mae (SLM) click here.

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