NYSE$NNI

Nelnet Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Nelnet reported strong results across core business segments, focusing on customer experience, culture, and business diversification.

Nelnet reported a GAAP net income of $83.9 million, or $2.16 per share, for the second quarter of 2021, compared to $86.5 million, or $2.21 per share, for the same period a year ago. The company is focused on improving customer experiences, enhancing the work environment, and investing in business diversification.

  • Net income, excluding derivative market value adjustments, was $85.1 million, or $2.20 per share.
  • Asset Generation and Management segment reported net interest income of $81.3 million.
  • Loan Servicing and Systems segment revenue was $112.1 million, servicing $506.6 billion in loans for 15.5 million borrowers.
  • Education Technology, Services, and Payment Processing segment revenue was $76.7 million.

Headline financials

Total Revenue

$303M

Previous: $318M-4.6%
EPS (adj)

$2.20

Previous: $2.21-0.5%
Total loans serviced

$507B

Previous: $477B+6.3%
Capital Expenditures

-$28.8M

Previous: -$47M+38.7%
Free Cash Flow

$55.1M

Previous: $39.5M+39.5%
Net Income

$83.9M

Previous: $86.5M-3.0%
Operating Income

$76.7M

Previous: $70.8M+8.2%
Gross Profit

$281M

Previous: $297M-5.1%
Cash & Equivalents

$213M

Previous: $67.5M+215.4%
Total Assets

$23B

Previous: $22.6B+1.8%
Stock-Based Comp

$2.93M

Previous: $1.72M+69.8%

Revenue & EPS history

Nelnet · Revenue · Quarterly

$303M

Q2 2021-4.6%vs Q2 2020
Beat estimate in 7 of 16 quarters(44%)
ActualEstimate

Revenue by segment

Nelnet · $189M total across 2 segments · Q2 2021

  • Loan Servicing & Systems
    $112M+1.0%
  • EdTech & Payments
    $76.7M+29.3%

Forward guidance

This press release contains forward-looking statements within the meaning of federal securities laws. These statements are based on management's current expectations as of the date of this release and are subject to known and unknown risks, uncertainties, assumptions, and other factors that may cause the actual results and performance to be materially different from any future results or performance expressed or implied by such forward-looking statements.

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 Q2 2021

Historical avgQ2 2021

+0.9%

Avg return

Earnings day

+0.4%

Avg return

5 days after

+0.9%

Avg return

30 days after

55%

36 / 65 earnings

Positive

+16.6%

Q3 2016

Best reaction

-11.3%

Q4 2016

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.5%-13.6%-8.2%
Q4 2025-1.7%+3.5%-3.6%
Q3 2025+2.2%+0.1%+0.5%
Q1 2025+5.9%+10.6%+7.7%
Q4 2024+9.3%+6.7%-0.3%
Q3 2024-9.9%-12.5%-13.1%
Q2 2024+1.1%+2.6%+4.5%
Q1 2024+12.9%+13.9%+4.1%
Q4 2023-3.7%-3.1%+7.3%
Q3 2023-0.8%-3.1%-3.9%
Q2 2023-2.1%-4.1%-7.9%
Q1 2023-1.1%-0.9%+6.8%
Q4 2022-3.0%-2.5%-3.3%
Q3 2022+1.4%+8.2%+6.9%
Q2 2022-0.2%-2.3%-11.3%
Q1 2022-1.7%-0.8%+3.9%
Q4 2021+0.0%+1.6%+5.6%
Q3 2021-0.6%+1.8%+9.7%
Q2 2021+2.8%+2.5%+8.3%
Q1 2021-1.0%+2.9%-0.1%
Q4 2020+1.0%+2.7%+3.6%
Q3 2020+3.2%+13.8%+9.1%
Q2 2020+2.2%+1.8%+5.2%
Q1 2020-1.6%-2.8%+15.2%
Q4 2019-5.5%-10.1%-24.6%
Q3 2019-3.1%-1.9%-3.0%
Q2 2019+7.8%+6.8%+5.7%
Q1 2019+8.9%+6.0%+2.1%
Q4 2018+1.5%+1.2%+2.0%
Q3 2018-8.2%-3.9%-6.6%
Q2 2018-2.9%-3.1%-4.5%
Q1 2018+8.4%+8.9%+16.0%
Q4 2017+6.9%+6.7%+1.2%
Q3 2017-10.4%-10.9%-5.9%
Q2 2017-0.6%-5.3%-0.5%
Q1 2017-5.0%-9.1%-6.9%
Q4 2016-11.3%-8.9%-15.0%
Q3 2016+16.6%+23.7%+36.2%
Q2 2016-11.1%-11.7%-9.5%
Q1 2016-5.9%
Q4 2015+2.4%
Q3 2015-4.6%
Q2 2015+5.0%
Q1 2015-4.3%
Q4 2014-0.6%
Q3 2014-0.9%
Q2 2014+6.6%
Q1 2014-3.1%
Q4 2013+11.8%
Q3 2012+4.9%
Q3 2013+4.9%
Q2 2013+5.5%
Q1 2013+0.9%
Q4 2012+3.9%
Q2 2012+3.9%
Q1 2012-1.7%
Q1 2011-1.7%
Q4 2009+1.9%
Q4 2011+1.9%
Q2 2011+1.9%
Q3 2011+1.6%
Q3 2010+1.6%
Q2 2010+4.0%
Q4 2010+4.0%
Q1 2010+9.1%

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