Nerdwallet Earnings Preview
Portfolio Pulse from Benzinga Insights
Nerdwallet (NASDAQ:NRDS) is scheduled to release its quarterly earnings report on February 14, 2024, with an estimated EPS of $0.10. Historically, the company's share price has reacted significantly to earnings beats and guidance. Last quarter, NRDS beat the EPS estimate by $0.07, leading to a 40.66% share price increase the following day. However, over the last year, NRDS shares have declined by 12.11%.
February 13, 2024 | 5:01 pm
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POSITIVE IMPACT
Nerdwallet is expected to report an EPS of $0.10 for the upcoming quarter. Historical data shows significant share price movements post-earnings announcements.
Given Nerdwallet's history of share price increases following earnings beats and the anticipation of positive guidance, there is a strong likelihood of a positive short-term impact on NRDS's stock price if the company meets or exceeds the EPS estimate again. However, the overall negative yearly performance introduces some uncertainty, hence the confidence score is not at the maximum.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100