NerdWallet (NRDS) to Release Earnings on Thursday

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

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

NerdWallet Price Performance

Shares of NRDS opened at $13.84 on Wednesday. NerdWallet has a 12 month low of $6.38 and a 12 month high of $17.30. The stock’s 50-day moving average is $15.24 and its two-hundred day moving average is $13.45. The stock has a market cap of $1.07 billion, a PE ratio of -86.50 and a beta of 1.39.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling 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 transaction of $101,953.44. Following the sale, the vice president now owns 2,350,242 shares in the company, valued at $37,979,910.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 45.93% of the stock is currently owned by 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.