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

NerdWallet

26/04/2024 01:00

* NerdWallet Inc  NRDS.OQ  reported quarterly adjusted
earnings of
1 cent​​ per share for the quarter ended in March, lower than
the same quarter last year, when the company reported EPS of 2
cents.  The mean expectation of seven analysts for the quarter
was for earnings of one cent per share. Wall Street expected
results to range from -6 cents to 3 cents per share.
    * Revenue fell 4.5% to $161.90 million from a year ago;
analysts
expected $157.00 million. 
    * NerdWallet Inc's reported EPS for the quarter was 1 cent​.
    * The company reported quarterly net income of $1.1 million.
    * NerdWallet Inc shares had fallen by 6.4% this quarter and
lost 6.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 11.7%
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
$18.50 
This summary was machine generated from LSEG data April 26 at
12:00 a.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
 Mar. 31 2024      0.01           0.01           Met
 Dec. 31 2023      0.10           -0.01          Missed
 Sep. 30 2023      -0.08          -0.01          Beat
 Jun. 30 2023      -0.03          -0.14          Missed