Nerdy (NYSE:NRDY – Get Free Report) will be releasing its earnings data after the market closes on Tuesday, May 7th. Analysts expect Nerdy to post earnings of ($0.11) per share for the quarter. Nerdy has set its FY 2024 guidance at EPS and its Q1 2024 guidance at EPS.Parties that are interested in registering for the company’s conference call can do so using this link.
Nerdy (NYSE:NRDY – Get Free Report) last released its earnings results on Tuesday, February 27th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.06. The company had revenue of $55.10 million during the quarter, compared to analyst estimates of $54.77 million. Nerdy had a negative return on equity of 48.96% and a negative net margin of 20.77%. Nerdy’s quarterly revenue was up 31.8% on a year-over-year basis. During the same period in the prior year, the company posted ($0.13) earnings per share. On average, analysts expect Nerdy to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Nerdy Stock Performance
Nerdy stock traded down $0.05 during mid-day trading on Tuesday, reaching $2.66. 106,252 shares of the company’s stock were exchanged, compared to its average volume of 1,088,193. The business’s fifty day simple moving average is $2.84 and its 200 day simple moving average is $2.99. Nerdy has a one year low of $2.31 and a one year high of $5.37.
Insider Activity at Nerdy
Analysts Set New Price Targets
A number of equities research analysts have recently commented on the company. JPMorgan Chase & Co. initiated coverage on Nerdy in a research note on Monday, March 11th. They set an “overweight” rating and a $5.00 target price on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $4.00 price objective on shares of Nerdy in a research report on Wednesday, February 28th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $4.71.
View Our Latest Research Report on Nerdy
About Nerdy
Nerdy, Inc operates platform for live online learning. The company's purpose-built proprietary platform leverages technology, including artificial intelligence to connect students, users, parents, guardians, and purchasers of various ages to tutors, instructors, subject matter experts, educators, and other professionals, delivering value on both sides of the network.
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