Nelnet Underperforms

Nelnet (NYSE:NNI) reported Q1 revenue down 7.1% year‑on‑year and missed analysts by 20.4%. Net interest income and EPS estimates were also significantly below expectations, and NNI shares fell 6.1% since the earnings release. The company’s CEO said all business segments were operating at a high level, but the weak quarterly performance made Nelnet the lowest‑performing peer in the consumer‑finance sector. By contrast, Sallie Mae (NASDAQ:SLM) outperformed analysts by 3.9% and its stock has risen 6.5% post‑report.