Stock Track | NerdWallet Stock Soars on Strong Q3 Results, New Buyback

Stock Track10-30

Shares of NerdWallet Inc. (NRDS) soared over 24% in after-hours trading on Sunday after the personal finance company reported better-than-expected third quarter 2024 results and announced a new share repurchase program.

NerdWallet posted quarterly revenue of $191.3 million, up an impressive 25% year-over-year, driven by strong performance across its insurance, small and mid-sized business (SMB), and emerging verticals like investing. The topline figure handily beat Wall Street's expectations.

On the bottom line, NerdWallet reported break-even earnings per share, compared to analyst forecasts of $0.03 EPS. The company highlighted increased operational efficiency and strength in key business segments as factors behind the robust results.

In the earnings release, NerdWallet also unveiled a new $25 million share repurchase authorization, following the completion of its previous buyback program. The company stated that the new repurchase plan underscores its commitment to enhancing shareholder value.

While NerdWallet announced the resignation of Chief Financial Officer Lauren StClair, effective March 2025, investors seemed to focus more on the company's better-than-anticipated Q3 performance and topline growth drivers. The strong quarterly showing and new buyback plan likely fueled investor optimism, propelling the stock's double-digit surge.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1161915950?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-10-30 08:03","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1161915950","market":"hk","top_or_hot":-1,"title":"Stock Track | NerdWallet Stock Soars on Strong Q3 Results, New Buyback","media":"Stock Track","content":"<p>Shares of NerdWallet Inc. (NRDS) soared over 24% in after-hours trading on Sunday after the personal finance company reported better-than-expected third quarter 2024 results and announced a new share repurchase program.</p>\n\n<p>NerdWallet posted quarterly revenue of $191.3 million, up an impressive 25% year-over-year, driven by strong performance across its insurance, small and mid-sized business (SMB), and emerging verticals like investing. The topline figure handily beat Wall Street's expectations.</p>\n\n<p>On the bottom line, NerdWallet reported break-even earnings per share, compared to analyst forecasts of $0.03 EPS. The company highlighted increased operational efficiency and strength in key business segments as factors behind the robust results.</p>\n\n<p>In the earnings release, NerdWallet also unveiled a new $25 million share repurchase authorization, following the completion of its previous buyback program. The company stated that the new repurchase plan underscores its commitment to enhancing shareholder value.</p>\n\n<p>While NerdWallet announced the resignation of Chief Financial Officer Lauren StClair, effective March 2025, investors seemed to focus more on the company's better-than-anticipated Q3 performance and topline growth drivers. The strong quarterly showing and new buyback plan likely fueled investor optimism, propelling the stock's double-digit surge.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | NerdWallet Stock Soars on Strong Q3 Results, New Buyback</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | NerdWallet Stock Soars on Strong Q3 Results, New Buyback\n</h2>\n\n<h4 class=\"meta\">\n\n2024-10-30 08:03 北京时间&nbsp;&nbsp;&nbsp;<strong>Stock Track</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of NerdWallet Inc. (NRDS) soared over 24% in after-hours trading on Sunday after the personal finance company reported better-than-expected third quarter 2024 results and announced a new share ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NRDS","symbol_name":"NerdWallet","start_time":0,"source_url":"","article_id":"1161915950","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1161915950","pubTimestamp":1730246583,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of NerdWallet Inc.  soared over 24% in after-hours trading on Sunday after the personal finance company reported better-than-expected third quarter 2024 results and announced a new share repurchase program.NerdWallet posted quarterly revenue of $191.3 million, up an impressive 25% year-over-year, driven by strong performance across its insurance, small and mid-sized business , and emerging verticals like investing. The topline figure handily beat Wall Street's expectations.On the bottom l","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"NRDS":"NerdWallet"},"translate_title":"股票追踪NerdWallet股价因强劲的第三季度业绩和新回购而飙升","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NRDS":1},"content_text":"Shares of NerdWallet Inc. (NRDS) soared over 24% in after-hours trading on Sunday after the personal finance company reported better-than-expected third quarter 2024 results and announced a new share repurchase program.\nNerdWallet posted quarterly revenue of $191.3 million, up an impressive 25% year-over-year, driven by strong performance across its insurance, small and mid-sized business (SMB), and emerging verticals like investing. The topline figure handily beat Wall Street's expectations.\nOn the bottom line, NerdWallet reported break-even earnings per share, compared to analyst forecasts of $0.03 EPS. The company highlighted increased operational efficiency and strength in key business segments as factors behind the robust results.\nIn the earnings release, NerdWallet also unveiled a new $25 million share repurchase authorization, following the completion of its previous buyback program. The company stated that the new repurchase plan underscores its commitment to enhancing shareholder value.\nWhile NerdWallet announced the resignation of Chief Financial Officer Lauren StClair, effective March 2025, investors seemed to focus more on the company's better-than-anticipated Q3 performance and topline growth drivers. The strong quarterly showing and new buyback plan likely fueled investor optimism, propelling the stock's double-digit surge.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1161915950"}