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

Nerdy

08/11/2024 05:15

* Nerdy Inc  NRDY.N  reported a quarterly adjusted loss
of 14
cents​​ per share for the quarter ended September 30, lower than
the same quarter last year, when the company reported EPS of -13
cents.  The mean expectation of nine analysts for the quarter
was for a loss of 24 cents per share. Wall Street expected
results to range from -28 cents to -17 cents per share.
    * Revenue fell 6.9% to $37.53 million from a year ago;
analysts
expected $36.67 million. 
    * Nerdy Inc's reported EPS for the quarter was a loss of 14
cents​.
    * The company reported a quarterly loss of $15.9 million.
    * Nerdy Inc shares had fallen by 10.5% this quarter and
lost 74.3%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.3%
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 "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 6
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the online
services
peer group is also "hold"

Wall Street's median 12-month price target for Nerdy Inc is 3.00
This summary was machine generated from LSEG data November 8 at
05:15 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      -0.24          -0.14          Beat
 Jun. 30 2024      -0.11          -0.08          Beat
 Mar. 31 2024      -0.11          -0.01          Beat
 Dec. 31 2023      -0.12          -0.05          Beat