Nerdy Expects Revenue Of $51M-$53M For Q1 (Est $59.75M), $232M-$246M For 2024 (Est $238.396M)
Portfolio Pulse from Benzinga Newsdesk
Nerdy projects its Q1 revenue to be between $51M-$53M, falling short of the estimated $59.75M. For 2024, the revenue forecast is set between $232M-$246M, closely aligning with the estimate of $238.396M.
February 27, 2024 | 10:52 pm
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NEGATIVE IMPACT
Nerdy's Q1 revenue projection falls below expectations, with a forecast of $51M-$53M against an estimate of $59.75M. The 2024 revenue forecast is closer to expectations, ranging from $232M to $246M versus an estimate of $238.396M.
The short-term impact on Nerdy's stock price is likely negative due to the Q1 revenue forecast missing analyst expectations, which can lead to decreased investor confidence. However, the closer alignment of the 2024 revenue forecast with estimates may mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100