NerdWallet (NRDS) Set to Announce Quarterly Earnings on Tuesday

NerdWallet (NASDAQ:NRDS - Get Free Report) will release its earnings data after the market closes on Tuesday, October 29th. Analysts expect NerdWallet to post earnings of $0.03 per share for the quarter. NerdWallet has set its Q3 2024 guidance at EPS.Persons interested in listening to the company's earnings conference call can do so using this link.

NerdWallet (NASDAQ:NRDS - Get Free Report) last posted its quarterly earnings results on Wednesday, July 31st. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.06). NerdWallet had a negative return on equity of 2.98% and a negative net margin of 1.85%. The business had revenue of $150.60 million during the quarter, compared to analysts' expectations of $149.93 million. During the same quarter in the prior year, the firm earned ($0.14) EPS. The firm's revenue for the quarter was up 5.1% compared to the same quarter last year. On average, analysts expect NerdWallet to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

NerdWallet Price Performance

Shares of NerdWallet stock traded down $1.10 during trading on Tuesday, hitting $11.02. 1,093,221 shares of the company's stock traded hands, compared to its average volume of 401,872. NerdWallet has a 1 year low of $6.38 and a 1 year high of $17.30. The business has a 50-day simple moving average of $12.41 and a 200-day simple moving average of $13.34. The stock has a market capitalization of $856.67 million, a P/E ratio of -67.00 and a beta of 1.42.

Insider Transactions at NerdWallet

In related news, VP Samuel Yount sold 5,000 shares of the business's stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $12.01, for a total transaction of $60,050.00. Following the completion of the transaction, the vice president now directly owns 2,329,471 shares in the company, valued at approximately $27,976,946.71. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 45.93% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on NRDS shares. Oppenheimer dropped their target price on shares of NerdWallet from $20.00 to $18.00 and set an "outperform" rating on the stock in a report on Thursday, August 1st. Barclays cut their price objective on NerdWallet from $18.00 to $16.00 and set an "overweight" rating for the company in a report on Thursday, August 1st. Finally, Truist Financial lowered their target price on NerdWallet from $19.00 to $16.00 and set a "buy" rating on the stock in a report on Monday, August 5th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $16.00.

NerdWallet Company Profile

NerdWallet, Inc operates a digital platform that provides consumer-driven advice about personal finance by connecting individuals and small and mid-sized businesses with financial products providers in the United States, the United Kingdom, Australia, and Canada. Its platform offers guidance to consumers through educational content, tools and calculators, and product marketplaces, as well as through NerdWallet app for various financial products, including credit cards, mortgages, insurance, SMB products, personal loans, banking, investing, and student loans.