These Analysts Revise Their Forecasts On Nerdy Following Q2 Results
Portfolio Pulse from Avi Kapoor
Nerdy, Inc. (NYSE:NRDY) reported worse-than-expected Q2 revenue, leading to a significant drop in share price and multiple analyst downgrades. The company also lowered its FY24 revenue outlook.
August 09, 2024 | 6:27 pm
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Nerdy, Inc. reported worse-than-expected Q2 revenue and lowered its FY24 revenue outlook, leading to a 47% drop in share price. Multiple analysts downgraded the stock and reduced their price targets.
The worse-than-expected Q2 revenue and lowered FY24 outlook indicate potential financial struggles. The significant drop in share price and multiple analyst downgrades suggest a negative short-term impact on the stock.
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