NerdWallet (NRDS) Set to Announce Quarterly Earnings on Thursday

NerdWallet (NASDAQ:NRDS) will 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.Investors that are interested in participating in the company’s conference call can do so using this link.

NerdWallet (NASDAQ:NRDS) last issued its quarterly 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). The business had revenue of $133.70 million for the quarter, compared to the consensus estimate of $138.43 million. NerdWallet had a negative net margin of 1.97% and a negative return on equity of 3.24%. The firm’s revenue was down 5.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.12 earnings per share. On average, analysts expect NerdWallet to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

NerdWallet Stock Performance

Shares of NRDS opened at $13.35 on Tuesday. NerdWallet has a fifty-two week low of $6.38 and a fifty-two week high of $17.30. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of -83.43 and a beta of 1.39. The firm has a 50 day moving average price of $15.30 and a 200-day moving average price of $13.42.

Analyst Upgrades and Downgrades

Several research firms have weighed in on NRDS. Truist Financial lowered their price target on shares of NerdWallet from $20.00 to $19.00 and set a “buy” rating for the company in a research note on Thursday, February 15th. Barclays lifted their price target on NerdWallet from $16.00 to $18.00 and gave the stock an “overweight” rating in a research note on Thursday, February 15th. KeyCorp increased their price objective on NerdWallet from $18.00 to $20.00 and gave the company an “overweight” rating in a research note on Monday, February 12th. Finally, Citigroup lifted their target price on shares of NerdWallet from $11.00 to $16.00 and gave the stock a “neutral” rating in a research note on Friday, January 12th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, NerdWallet currently has a consensus rating of “Moderate Buy” and an average price target of $16.50.

Insider Activity

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

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.