Nextdoor (KIND) Set to Announce Earnings on Tuesday

Nextdoor (NYSE:KIND) will be posting its quarterly earnings results after the market closes on Tuesday, May 7th. Analysts expect Nextdoor to post earnings of ($0.09) per share for the quarter. Nextdoor has set its FY 2024 guidance at EPS and its Q1 2024 guidance at EPS.Parties interested in registering for the company’s conference call can do so using this link.

Nextdoor (NYSE:KIND) last posted its quarterly earnings results on Tuesday, February 27th. The company reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.03. The firm had revenue of $55.56 million for the quarter, compared to the consensus estimate of $50.94 million. Nextdoor had a negative return on equity of 24.22% and a negative net margin of 67.69%. 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

NYSE:KIND opened at $2.15 on Friday. Nextdoor has a 1 year low of $1.32 and a 1 year high of $3.41. The stock has a fifty day moving average price of $2.13 and a two-hundred day moving average price of $1.86. The stock has a market capitalization of $846.30 million, a price-to-earnings ratio of -5.66 and a beta of 0.99.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group boosted their price objective on shares of Nextdoor from $1.75 to $2.25 and gave the stock a “neutral” rating in a report on Wednesday, February 28th.

About Nextdoor

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.