Nextdoor Holdings Inc reports results for the quarter ended in June - Earnings Summary

Nextdoor Holdings

07/08/2024 22:42

* Nextdoor Holdings Inc  KIND.N  reported a quarterly
adjusted
loss of 11 cents​​ per share for the quarter ended in June,
lower than the same quarter last year, when the company reported
EPS of -9 cents.  The mean expectation of five analysts for the
quarter was for a loss of 7 cents per share. Wall Street
expected results to range from -7 cents to -6 cents per share.
    * Revenue rose 11.3% to $63.29 million from a year ago;
analysts
expected $58.33 million. 
    * Nextdoor Holdings Inc's reported EPS for the quarter was a
loss
of 11 cents​.
    * The company reported a quarterly loss of $42.78 million.
    * Nextdoor Holdings Inc shares had fallen by 7.9% this
quarter and
gained 35.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.2%
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 "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 5
"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 Nextdoor Holdings
Inc is $2.50 
This summary was machine generated from LSEG data August 7 at
09:42 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      -0.07          -0.11          Missed
 Mar. 31 2024      -0.09          -0.07          Beat
 Dec. 31 2023      -0.10          -0.10          Met
 Sep. 30 2023      -0.10          -0.10          Met