Nerdwallet Q4 2023 GAAP EPS $(0.03) Misses $0.09 Estimate, Sales $133.70M Miss $138.43M Estimate
Portfolio Pulse from Benzinga Newsdesk
Nerdwallet (NRDS) reported Q4 2023 GAAP EPS of $(0.03), missing the $0.09 estimate, with sales of $133.70M also missing the $138.43M estimate. This represents a 5.85% decrease in sales compared to the same period last year.
February 14, 2024 | 9:14 pm
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Nerdwallet reported a significant miss in both EPS and sales for Q4 2023, with a year-over-year decrease in sales.
Missing both EPS and sales estimates significantly, especially when compared to analyst expectations, typically leads to negative investor sentiment in the short term. The year-over-year decrease in sales further compounds concerns about the company's growth trajectory.
CONFIDENCE 90
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RELEVANCE 100