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

Nextdoor Holdings

07/11/2024 05:02

* Nextdoor Holdings Inc  KIND.N  reported a quarterly
adjusted
loss of 4 cents​​ per share for the quarter ended September 30,
higher than the same quarter last year, when the company
reported EPS of -10 cents.  The mean expectation of
four analysts for the quarter was for a loss of 5 cents per
share. 
    * Revenue rose 17% to $65.61 million from a year ago;
analysts
expected $62.44 million. 
    * Nextdoor Holdings Inc's reported EPS for the quarter was a
loss
of 4 cents​.
    * The company reported a quarterly loss of $14.9 million.
    * Nextdoor Holdings Inc shares had risen by 0.8% this
quarter and
gained 32.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 11.8%
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 no "strong buy" or "buy," 4
"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 November 7 at
05:02 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      -0.05          -0.04          Beat
 Jun. 30 2024      -0.07          -0.11          Missed
 Mar. 31 2024      -0.09          -0.07          Beat
 Dec. 31 2023      -0.10          -0.10          Met