NerdWallet Inc reports results for the quarter ended in September 30 - Earnings Summary

NerdWallet

30/10/2024 02:51

* NerdWallet Inc  NRDS.OQ  reported quarterly adjusted
earnings of
9 cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of -1 cents.  The mean expectation of seven analysts for the
quarter was for earnings of 3 cents per share. Wall Street
expected results to range from zero cents to 6 cents per share.
    * Revenue rose 25.2% to $191.30 million from a year ago;
analysts
expected $169.63 million. 
    * NerdWallet Inc's reported EPS for the quarter was
breakeven
results​.
    * The company reported quarterly net income of $100
thousand.
    * NerdWallet Inc shares had fallen by 8.9% this quarter and
lost 21.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 69.5%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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 October 30 at
02:50 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
 Sep. 30 2024      0.03           0.09           Beat
 Jun. 30 2024      -0.05          -0.12          Missed
 Mar. 31 2024      0.01           0.01           Met
 Dec. 31 2023      0.10           -0.01          Missed