Nerdy (NYSE:NRDY – Get Free Report) is set to announce its earnings results after the market closes on Thursday, November 7th. Analysts expect Nerdy to post earnings of ($0.23) per share for the quarter. Nerdy has set its FY 2024 guidance at EPS and its Q3 2024 guidance at EPS.Individual that wish to listen to the company’s earnings conference call can do so using this link.
Nerdy (NYSE:NRDY – Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.04. The business had revenue of $50.98 million for the quarter, compared to analysts’ expectations of $51.14 million. Nerdy had a negative net margin of 17.23% and a negative return on equity of 41.05%. During the same quarter in the prior year, the firm posted ($0.07) earnings per share. On average, analysts expect Nerdy to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Nerdy Trading Up 4.3 %
NRDY stock traded up $0.04 during mid-day trading on Tuesday, reaching $0.93. The company’s stock had a trading volume of 84,931 shares, compared to its average volume of 1,591,485. The company has a market cap of $166.44 million, a price-to-earnings ratio of -2.72 and a beta of 1.68. Nerdy has a 12 month low of $0.73 and a 12 month high of $3.60. The business’s 50 day moving average price is $0.99 and its 200 day moving average price is $1.50.
Insider Buying and Selling at Nerdy
Wall Street Analysts Forecast Growth
A number of analysts recently commented on the company. Canaccord Genuity Group reaffirmed a “hold” rating and set a $3.00 price target (down from $5.00) on shares of Nerdy in a research report on Friday, August 9th. Raymond James downgraded Nerdy from an “outperform” rating to a “market perform” rating in a research note on Friday, August 9th. Northland Capmk downgraded shares of Nerdy from a “strong-buy” rating to a “hold” rating in a report on Friday, August 9th. JMP Securities reduced their target price on shares of Nerdy from $5.00 to $3.00 and set a “market outperform” rating for the company in a research note on Friday, August 9th. Finally, Canaccord Genuity Group cut shares of Nerdy from a “buy” rating to a “hold” rating and dropped their price target for the company from $5.00 to $3.00 in a research note on Friday, August 9th. Eight equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $3.58.
View Our Latest Stock Report on Nerdy
About Nerdy
Nerdy, Inc operates platform for live online learning. The company's purpose-built proprietary platform leverages technology, including artificial intelligence to connect students, users, parents, guardians, and purchasers of various ages to tutors, instructors, subject matter experts, educators, and other professionals, delivering value on both sides of the network.
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