NerdWallet rockets 31% as insurance growth drives strong Q3 revenue

Investing.com10-30

Investing.com -- Nerdwallet Inc (NASDAQ:NRDS) saw its shares soar over 31% in premarket trading Wednesday after the company issued optimistic guidance for the fourth quarter amid strong revenue growth...

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href=https://finance.yahoo.com/news/nerdwallet-rockets-31-insurance-growth-111444205.html><strong>Investing.com</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investing.com -- Nerdwallet Inc (NASDAQ:NRDS) saw its shares soar over 31% in premarket trading Wednesday after the company issued optimistic guidance for the fourth quarter amid strong revenue growth...</p>\n\n<a href=\"https://finance.yahoo.com/news/nerdwallet-rockets-31-insurance-growth-111444205.html\">Source 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was insurance, which saw a remarkable year-over-year increase of 916%.Revenue from small- and medium-sized business  products rose to $27.8 million, up 12% compared to last year, mainly due to growth in business credit cards and loan renewals.For the fourth quarter of 2024, NerdWallet expects revenue between $164 million and $172 million, above the consensus estimate of $152 million.Following the report, KeyBanc Capital Markets analysts reiterated an Overweight rating on NerdWallet stock and raised the target p","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"NRDS":"NerdWallet"},"translate_title":"保险增长推动第三季度收入强劲，NerdWallet飙升31%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NRDS":1},"content_text":"Investing.com -- Nerdwallet Inc (NASDAQ:NRDS) saw its shares soar over 31% in premarket trading Wednesday after the company issued optimistic guidance for the fourth quarter amid strong revenue growth in Q3.\nFor the third quarter, the personal finance company reported earnings per share of $0, missing the consensus estimate of $0.04.\nHowever, revenue came in at $191.3 million, up 25% year-over-year, and well above the estimated $168.5 million.\nThe primary driver of revenue growth in the quarter was insurance, which saw a remarkable year-over-year increase of 916%.\nRevenue from small- and medium-sized business (SMB) products rose to $27.8 million, up 12% compared to last year, mainly due to growth in business credit cards and loan renewals.\nFor the fourth quarter of 2024, NerdWallet expects revenue between $164 million and $172 million, above the consensus estimate of $152 million.\nThe company projects a GAAP operating income between - $1 million and $3 million, with non-GAAP operating income expected in the range of $8 million to $11 million.\nAdjusted EBITDA is anticipated to range between $21.5 million and $24.5 million.\nFollowing the report, KeyBanc Capital 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