* NerdWallet Inc reported quarterly adjusted earnings of 1 cent per share for the quarter ended in March, lower than the same quarter last year, when the company reported EPS of 2 cents. The mean expectation of seven analysts for the quarter was for earnings of one cent per share. Wall Street expected results to range from -6 cents to 3 cents per share.
* Revenue fell 4.5% to $161.90 million from a year ago; analysts expected $157.00 million.
* NerdWallet Inc's reported EPS for the quarter was 1 cent.
* The company reported quarterly net income of $1.1 million.
* NerdWallet Inc shares had fallen by 6.4% this quarter and lost 6.5% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 11.7% in the last three months.
* In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the consumer lending peer group is also "buy"
Wall Street's median 12-month price target for NerdWallet Inc is $18.50 This summary was machine generated from LSEG data April 26 at 12:00 a.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Mar. 31 2024 0.01 0.01 Met
Dec. 31 2023 0.10 -0.01 Missed
Sep. 30 2023 -0.08 -0.01 Beat
Jun. 30 2023 -0.03 -0.14 Missed
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