Nerdwallet NRDS is set to give its latest quarterly earnings report on Tuesday, 2024-10-29. Here's what investors need to know before the announcement.
Analysts estimate that Nerdwallet will report an earnings per share (EPS) of $0.03.
The market awaits Nerdwallet's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.
It's important for new investors to understand that guidance can be a significant driver of stock prices.
Past Earnings Performance
In the previous earnings release, the company missed EPS by $0.07, leading to a 21.8% drop in the share price the following trading session.
Here's a look at Nerdwallet's past performance and the resulting price change:
| Quarter | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|
| EPS Estimate | -0.05 | 0.01 | 0.10 | -0.08 |
| EPS Actual | -0.12 | 0.01 | -0.03 | -0.01 |
| Price Change % | -22.0% | -5.0% | -1.0% | 41.0% |
Stock Performance
Shares of Nerdwallet were trading at $11.33 as of October 25. Over the last 52-week period, shares are up 5.94%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.
To track all earnings releases for Nerdwallet visit their earnings calendar on our site.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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