Recap: Nerdwallet Q4 Earnings
Portfolio Pulse from Benzinga Insights
Nerdwallet (NASDAQ:NRDS) reported Q4 earnings with an EPS of $-0.03, missing estimates by 130% and a revenue decrease of $8.30 million from the previous year. This contrasts with last quarter's performance where the company beat EPS estimates, leading to a 40.66% share price increase the following day.
February 14, 2024 | 9:15 pm
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NEGATIVE IMPACT
Nerdwallet reported a significant miss in Q4 earnings with an EPS of $-0.03 against an estimate of $0.1 and a year-over-year revenue decline.
The significant miss in earnings and the year-over-year decline in revenue are likely to negatively impact investor sentiment and the stock price in the short term, especially considering the positive reaction to last quarter's earnings beat.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100