NerdWallet Expects 2024 Adj Operating Margin Of 6.5%-8%; 3%-4.5% On GAAP Basis
Portfolio Pulse from Benzinga Newsdesk
NerdWallet anticipates its adjusted operating margin to be between 6.5% and 8% for the year 2024, with a GAAP basis operating margin forecasted to be between 3% and 4.5%.
February 14, 2024 | 9:47 pm
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NerdWallet projects an adjusted operating margin of 6.5%-8% and a GAAP basis margin of 3%-4.5% for 2024.
The projection of an improved operating margin for 2024 suggests NerdWallet is expecting increased efficiency or profitability. This positive outlook could lead to investor optimism about the company's future performance, potentially driving up the stock price in the short term.
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