Earnings Season Watch List: SLM

SLM (SLM) is expected to report earnings on Jul. 21. It’s now trading 3% below the 20.92 buy point from a first-stage flat base that it cleared earlier.


Be aware that buying a stock close to earnings is risky, since disappointing numbers could send it sharply lower. You can minimize your risk by waiting to see the actual numbers and the market’s reaction. Another way to minimize the risk of a post-earnings sell-off is to use an options strategy.

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Earnings growth fell last quarter from 248% to 124%. But revenue moved higher, from -19% to -2%.

Analysts are looking for earnings-per-share growth of 268% for the quarter, and 39% growth for the full year. Annual growth estimates were recently revised upward.

The company has a 97 Composite Rating and earns the No. 3 rank among its peers in the Finance-Consumer Loans industry group. Level One Bancorp (LEVL) is the top-ranked stock within the group.

Note: Dates for earnings reports are subject to change. Check the company’s website for any updates.


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