Nelnet Shows Recovery, Tops EPS
(NYSE:NNI), a diversified financial services and technology company, announced its fourth-quarter earnings for 2024 on Feb. 27, 2025. The company reported strong financial results, outperforming analyst expectations with non-GAAP earnings per share (EPS) of $1.44, exceeding the anticipated $1.23. This quarter marked a significant improvement over the prior year, with a turnaround from a net loss to a substantial net income.
Source: Analyst estimates for the quarter provided by FactSet.
specializes in loan servicing, education technology, and other financial services. It operates through four major segments: Loan Servicing and Systems, Education Technology Services and Payments, Asset Generation and Management, and Nelnet Bank. This business structure provides diversified revenue streams. Federal student loan servicing remains a significant part of its business, generating substantial revenue. Recent expansions into education technology and renewable energy show a shift toward service diversification, lessening federal contract dependency. Success factors include strategic diversification and managing regulatory compliance.
Source Fool.com
