NASDAQ$NAVI

Navient Corp · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Navient posted financial results for Q1 2023.

Navient released its first quarter 2023 financial results, highlighting its performance in technology-enabled education finance and business processing solutions.

  • Navient posted its first quarter 2023 financial results.
  • The complete financial results release is available on the company’s website.
  • A live audio webcast was held on April 26, 2023, hosted by the president and CEO and CFO.
  • Navient provides technology-enabled education finance and business processing solutions.

Headline financials

Total Revenue

$322M

Previous: $560M-42.5%
EPS (adj)

$1.06

Previous: $0.90+17.8%
Net Income

$111M

Previous: $255M-56.5%
Operating Income

$27M

Previous: $200M-86.5%
Gross Profit

$212M

Previous: $405M-47.7%
Cash & Equivalents

$570M

Previous: $708M-19.5%
Total Assets

$66.9B

Previous: $78.2B-14.4%
Stock-Based Comp

$9M

Previous: $9M+0.0%

Revenue & EPS history

Navient · Revenue · Quarterly

$322M

Q1 2023-42.5%vs Q1 2022
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Forward guidance

No forward guidance was provided in the press release.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2023

Historical avgQ1 2023

-0.5%

Avg return

Earnings day

-0.4%

Avg return

5 days after

+1.4%

Avg return

30 days after

45%

24 / 53 earnings

Positive

+13.0%

Q2 2020

Best reaction

-18.7%

Q4 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+3.7%-2.2%-6.8%
Q4 2025-18.7%-17.1%-27.0%
Q3 2025-9.8%-5.7%-4.2%
Q1 2025-2.5%+0.6%+5.8%
Q4 2024-3.3%-6.8%-4.6%
Q3 2024-6.0%-6.2%+2.9%
Q2 2024+0.4%+3.6%+3.7%
Q1 2024-5.1%-6.3%-8.9%
Q4 2023+2.1%-11.0%-10.5%
Q3 2023-6.3%-7.1%-1.6%
Q2 2023-2.9%-1.6%-9.7%
Q1 2023+3.5%+2.1%-2.8%
Q4 2022+4.4%+5.0%+3.2%
Q3 2022-6.8%-2.6%+4.2%
Q2 2022+7.1%+4.9%+6.3%
Q1 2022-4.5%-7.4%-8.4%
Q4 2021-12.1%-10.5%-4.5%
Q3 2021-3.4%-0.9%+3.6%
Q2 2021-3.2%-0.4%+9.6%
Q1 2021+6.0%+10.1%+19.7%
Q4 2020-1.4%-0.6%+8.1%
Q3 2020-5.7%-3.5%+7.0%
Q2 2020+13.0%+13.6%+22.5%
Q1 2020-6.5%-0.4%+1.7%
Q4 2019+9.5%+9.0%+4.3%
Q3 2019+8.2%+14.3%+19.5%
Q2 2019+12.3%+4.8%-3.4%
Q1 2019+7.5%+9.5%+7.5%
Q4 2018+1.8%+5.8%+12.9%
Q3 2018-5.4%-6.5%-10.5%
Q2 2018-6.3%-5.5%-5.7%
Q1 2018-1.2%-0.4%+8.7%
Q4 2017+7.3%+7.5%-3.3%
Q3 2017+2.1%+5.4%+8.8%
Q2 2017-7.3%-9.3%-17.3%
Q1 2017+1.2%+5.7%-8.2%
Q4 2016-1.2%-4.4%-2.8%
Q3 2016-0.9%-3.9%+30.4%
Q2 2016+3.5%+3.7%+4.9%
Q1 2016+3.6%
Q4 2015+6.8%
Q3 2015+5.1%
Q2 2015-1.2%
Q1 2015+0.6%
Q4 2012-10.7%
Q4 2014+0.1%
Q3 2013+2.7%
Q3 2014+1.0%
Q2 2013-0.2%
Q2 2014+0.0%
Q4 2013-3.0%
Q1 2013-3.0%
Q1 2014-3.0%

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