NerdWallet (NRDS) Scheduled to Post Quarterly Earnings on Thursday

NerdWallet (NASDAQ:NRDS) is scheduled to be releasing its earnings data after the market closes on Thursday, April 25th. Analysts expect NerdWallet to post earnings of $0.00 per share for the quarter. NerdWallet has set its Q1 2024 guidance at EPS.Parties interested in participating in the company’s conference call can do so using this link.

NerdWallet (NASDAQ:NRDS) last released its earnings results on Wednesday, February 14th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.14). NerdWallet had a negative return on equity of 3.24% and a negative net margin of 1.97%. The company had revenue of $133.70 million during the quarter, compared to analyst estimates of $138.43 million. During the same quarter last year, the business earned $0.12 earnings per share. The firm’s revenue for the quarter was down 5.8% on a year-over-year basis. On average, analysts expect NerdWallet to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

NerdWallet Trading Up 0.3 %

NASDAQ NRDS opened at $13.35 on Tuesday. NerdWallet has a 12-month low of $6.38 and a 12-month high of $17.30. The company has a fifty day simple moving average of $15.30 and a two-hundred day simple moving average of $13.42. The stock has a market cap of $1.03 billion, a P/E ratio of -83.43 and a beta of 1.39.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Truist Financial reduced their target price on NerdWallet from $20.00 to $19.00 and set a “buy” rating for the company in a research note on Thursday, February 15th. KeyCorp upped their target price on NerdWallet from $18.00 to $20.00 and gave the company an “overweight” rating in a research report on Monday, February 12th. Citigroup raised their price target on shares of NerdWallet from $11.00 to $16.00 and gave the stock a “neutral” rating in a research report on Friday, January 12th. Finally, Barclays lifted their price objective on shares of NerdWallet from $16.00 to $18.00 and gave the company an “overweight” rating in a research note on Thursday, February 15th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, NerdWallet presently has an average rating of “Moderate Buy” and a consensus target price of $16.50.

Insider Activity at NerdWallet

In other NerdWallet news, VP Samuel Yount sold 6,309 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $16.16, for a total value of $101,953.44. Following the sale, the vice president now owns 2,350,242 shares in the company, valued at approximately $37,979,910.72. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 45.93% of the stock is owned by company insiders.

About NerdWallet

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.