Nextdoor (NYSE:KIND - Get Free Report) will release its earnings data after the market closes on Wednesday, November 6th. Analysts expect Nextdoor to post earnings of ($0.05) per share for the quarter. Nextdoor has set its FY 2024 guidance at EPS and its Q3 2024 guidance at EPS.Persons that are interested in participating in the company's earnings conference call can do so using this link.
Nextdoor (NYSE:KIND - Get Free Report) last announced its earnings results on Wednesday, August 7th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.07) by $0.01. Nextdoor had a negative return on equity of 22.69% and a negative net margin of 65.63%. The company had revenue of $63.29 million for the quarter, compared to analyst estimates of $58.80 million. On average, analysts expect Nextdoor to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Nextdoor Stock Performance
Shares of KIND traded down $0.01 during midday trading on Wednesday, hitting $2.49. 1,156,775 shares of the stock were exchanged, compared to its average volume of 1,539,610. The firm has a market cap of $945.97 million, a P/E ratio of -6.55 and a beta of 1.08. Nextdoor has a 52-week low of $1.32 and a 52-week high of $2.99. The stock has a fifty day simple moving average of $2.44 and a 200 day simple moving average of $2.47.
Insider Activity
In other news, General Counsel Sophia Schwartz sold 17,529 shares of the firm's stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $2.58, for a total transaction of $45,224.82. Following the sale, the general counsel now owns 304,666 shares of the company's stock, valued at approximately $786,038.28. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 46.04% of the company's stock.
Analyst Ratings Changes
Separately, Morgan Stanley boosted their price target on shares of Nextdoor from $2.20 to $2.50 and gave the stock an "equal weight" rating in a research note on Tuesday, July 23rd.
Check Out Our Latest Research Report on KIND
About Nextdoor
(
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Nextdoor Holdings, Inc operates a neighborhood network that connects neighbors, businesses, and public services in the United States and internationally. The company enables neighbors and organizations to get information, give and get help, and build connections. It also offers advertising solutions, designs to generate value for businesses for connection and sales expansion.
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