NerdWallet Inc reports results for the quarter ended in December - Earnings Summary

NerdWallet

14/02/2024 23:26

* NerdWallet Inc  NRDS.OQ  reported a quarterly adjusted
loss of 1
cent​​ per share for the quarter ended in December, lower than
the same quarter last year, when the company reported EPS of 12
cents.  The mean expectation of seven analysts for the quarter
was for earnings of 10 cents per share. Wall Street expected
results to range from 5 cents to 16 cents per share.
    * Revenue fell 5.8% to $133.70 million from a year ago;
analysts
expected $138.43 million. 
    * NerdWallet Inc's reported EPS for the quarter was a loss
of 3
cents​.
    * The company reported a quarterly loss of $2.3 million.
    * NerdWallet Inc shares had risen by 6.5% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the consumer
lending
peer group is also "buy"

Wall Street's median 12-month price target for NerdWallet Inc is
$16.00 
This summary was machine generated from LSEG data February 14 at
11:26 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.10           -0.01          Missed
 Sep. 30 2023      -0.08          -0.01          Beat
 Jun. 30 2023      -0.03          -0.14          Missed
 Mar. 31 2023      -0.05          0.02           Beat