Nerdy Inc reports results for the quarter ended in January - Earnings Summary

Nerdy

08/08/2024 22:01

* Nerdy Inc  NRDY.N  reported a quarterly adjusted loss of 8
cents​​ per share for the quarter ended in January, lower than
the same quarter last year, when the company reported breakeven
earnings per share.  The mean expectation of nine analysts for
the quarter was for a loss of 11 cents per share. Wall Street
expected results to range from -15 cents to -2 cents per share.
    * Revenue rose 4.4% to $50.98 million from a year ago;
analysts
expected $51.18 million. 
    * Nerdy Inc's reported EPS for the quarter was a loss of 8
cents​.
    * The company reported a quarterly loss of $9.09 million.
    * Nerdy Inc shares had fallen by 12.0% this quarter and
lost 57.1%
so far this year.

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 7 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the online
services
peer group is also "buy"

Wall Street's median 12-month price target for Nerdy Inc is
$4.50 
This summary was machine generated from LSEG data August 8 at
09:01 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
 Jun. 30 2024      -0.11          -0.08          Beat
 Mar. 31 2024      -0.11          -0.01          Beat
 Dec. 31 2023      -0.12          -0.05          Beat
 Sep. 30 2023      -0.21          -0.13          Beat