NerdWallet Expects Q1 Revenue Of $155M-$160M, (7%) Y/Y At The Midpoint; Est $154.265M
Portfolio Pulse from Benzinga Newsdesk
NerdWallet anticipates its Q1 revenue to be between $155M and $160M, marking a 7% year-over-year decrease at the midpoint. This forecast exceeds the estimated revenue of $154.265M.
February 14, 2024 | 9:50 pm
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NerdWallet expects Q1 revenue to outperform estimates, projecting $155M-$160M against an expected $154.265M, despite a 7% YoY decline.
NerdWallet's revenue forecast not only surpasses the estimated figures but also indicates a strong performance amidst a year-over-year decline. This positive outlook, exceeding expectations, is likely to instill confidence among investors, potentially leading to a short-term uptick in NRDS's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100