Earnings Preview: SLM Corp.

| About: SLM Corporation (SLM)

SLM Corp. (NYSE:SLM) is expected to report Q2 earnings after market close Wednesday, July 23, with a conference call scheduled for 8:00 am ET on Thursday, July 24.


Analysts are looking for EPS of 40c on revenue of $869.9M. The consensus range for EPS is 37c to 44c, while the consensus range for revenue is $840.54M to $912M, according to First Call.

Analyst Views

Last month, SLM reported that it had sold $2.5B of 10-year notes. The company said that it anticipates that it will attempt to access the corporate bond market more regularly in the future. Investors may be trying to ascertain during SLM's conference call whether the lender thinks it will be able to obtain suffiicient funds from the bond market to meet its near-term capital needs.

SLM also announced last month that it would eliminate 160 jobs in New Jersey. In June, Friedman Billings issued a positive note about SLM. The firm believes that the company's scale has given it the opportunity to capture significant market share in the student loan market. Friedman Billings thinks the government's student loan initiative has made the sector profitable again, and they reiterated their Outperform rating on SLM.