In the latest trading session, NerdWallet, Inc. (NRDS - Free Report) closed at $9.64, marking a +0.42% move from the previous day. This move outpaced the S&P 500's daily loss of 0.4%. Elsewhere, the Dow lost 0.03%, while the tech-heavy Nasdaq lost 4.72%.
Coming into today, shares of the company had lost 19.6% in the past month. In that same time, the Finance sector lost 3.82%, while the S&P 500 lost 5.57%.
Investors will be hoping for strength from NerdWallet, Inc. as it approaches its next earnings release. The company is expected to report EPS of $0.09, up 169.23% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $138.59 million, up 39.28% from the prior-year quarter.
It is also important to note the recent changes to analyst estimates for NerdWallet, Inc.These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 2.44% lower within the past month. NerdWallet, Inc. is currently a Zacks Rank #3 (Hold).
Looking at its valuation, NerdWallet, Inc. is holding a Forward P/E ratio of 96. For comparison, its industry has an average Forward P/E of 10.35, which means NerdWallet, Inc. is trading at a premium to the group.
The Financial - Miscellaneous Services industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 57, which puts it in the top 23% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
Just Released: Zacks Top 10 Stocks for 2024
Hurry – you can still get in early on our 10 top tickers for 2024. Hand-picked by Zacks Director of Research, Sheraz Mian, this portfolio has been stunningly and consistently successful. From inception in 2012 through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Sheraz has combed through 4,400 companies covered by the Zacks Rank and handpicked the best 10 to buy and hold in 2024. You can still be among the first to see these just-released stocks with enormous potential.
See New Top 10 Stocks >>
In the latest trading session, NerdWallet, Inc. (NRDS - Free Report) closed at $9.64, marking a +0.42% move from the previous day. This move outpaced the S&P 500's daily loss of 0.4%. Elsewhere, the Dow lost 0.03%, while the tech-heavy Nasdaq lost 4.72%.
Coming into today, shares of the company had lost 19.6% in the past month. In that same time, the Finance sector lost 3.82%, while the S&P 500 lost 5.57%.
Investors will be hoping for strength from NerdWallet, Inc. as it approaches its next earnings release. The company is expected to report EPS of $0.09, up 169.23% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $138.59 million, up 39.28% from the prior-year quarter.
It is also important to note the recent changes to analyst estimates for NerdWallet, Inc.These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 2.44% lower within the past month. NerdWallet, Inc. is currently a Zacks Rank #3 (Hold).
Looking at its valuation, NerdWallet, Inc. is holding a Forward P/E ratio of 96. For comparison, its industry has an average Forward P/E of 10.35, which means NerdWallet, Inc. is trading at a premium to the group.
The Financial - Miscellaneous Services industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 57, which puts it in the top 23% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
Just Released: Zacks Top 10 Stocks for 2024
Hurry – you can still get in early on our 10 top tickers for 2024. Hand-picked by Zacks Director of Research, Sheraz Mian, this portfolio has been stunningly and consistently successful. From inception in 2012 through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Sheraz has combed through 4,400 companies covered by the Zacks Rank and handpicked the best 10 to buy and hold in 2024. You can still be among the first to see these just-released stocks with enormous potential.
See New Top 10 Stocks >>
Get the latest research report on NRDS - FREE