Nerdy (NYSE:NRDY – Get Free Report) is set to post its quarterly earnings results after the market closes on Tuesday, May 7th. Analysts expect Nerdy to post earnings of ($0.11) per share for the quarter. Nerdy has set its FY 2024 guidance at EPS and its Q1 2024 guidance at EPS.Persons interested in participating in the company’s earnings conference call can do so using this link.
Nerdy (NYSE:NRDY – Get Free Report) last issued its quarterly earnings results on Tuesday, February 27th. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.06. The company had revenue of $55.10 million during the quarter, compared to analysts’ expectations of $54.77 million. Nerdy had a negative return on equity of 48.96% and a negative net margin of 20.77%. The business’s quarterly revenue was up 31.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.13) earnings per share. On average, analysts expect Nerdy to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Nerdy Stock Up 0.8 %
Nerdy stock opened at $2.66 on Monday. The stock’s 50 day moving average is $2.81 and its 200 day moving average is $2.97. Nerdy has a one year low of $2.31 and a one year high of $5.37.
Insider Transactions at Nerdy
Analyst Ratings Changes
A number of brokerages have recently issued reports on NRDY. Needham & Company LLC restated a “buy” rating and issued a $4.00 price target on shares of Nerdy in a research report on Wednesday, February 28th. JPMorgan Chase & Co. began coverage on shares of Nerdy in a report on Monday, March 11th. They issued an “overweight” rating and a $5.00 target price on the stock. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $4.71.
Read Our Latest Analysis on NRDY
Nerdy Company Profile
Nerdy, Inc operates platform for live online learning. The company's purpose-built proprietary platform leverages technology, including artificial intelligence to connect students, users, parents, guardians, and purchasers of various ages to tutors, instructors, subject matter experts, educators, and other professionals, delivering value on both sides of the network.
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