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NerdWallet, Inc. Class A (NRDS)
:NRDS
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Earnings Data
Report Date
Feb 12, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.01Last Year’s EPS
-0.03Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 03, 2022
|% Change Since: 25.62%
|Next Earnings Date:Feb 24, 2022
Earnings Call Sentiment|Neutral
NerdWallet's earnings call highlighted significant growth in their insurance and SMB verticals, contributing to overall revenue growth. However, challenges in credit card and loans revenue, alongside a decline in monthly unique users, balanced the positive aspects. The strategic acquisition of Next Door Lending and strong non-GAAP operating income are promising, but the impact of organic search visibility issues and a decline in banking revenue present ongoing challenges.Company Guidance
During the NerdWallet Q3 2024 earnings call, the company reported exceeding its revenue and non-GAAP operating income outlook, achieving a 25% year-over-year revenue growth to $191 million and a non-GAAP operating income of $23 million, up by $13 million from the previous year. The insurance vertical was a significant growth driver, with revenue increasing 916% year-over-year, attributed to improved shopping experiences and increased consumer demand. Conversely, credit cards and loans saw declines of 16% and 28% year-over-year, respectively, due to tight underwriting and organic search traffic pressure. Monthly unique users (MUU) decreased by 7% year-over-year, impacted by search visibility challenges. Looking ahead to Q4, the company anticipates revenue of $164 million to $172 million, with non-GAAP operating income projected between $8 million and $11 million. The recent acquisition of Next Door Lending is expected to contribute 1 to 2 percentage points to Q4 revenue growth. Despite challenges, the company remains focused on strategic investments, particularly in vertical integration and expanding consumer relationships, aiming for continued growth and efficiency improvements.Insurance Business Growth
The insurance business has grown 6x versus the 2021 peak pre-hard market, with revenue up 916% year-over-year in Q3.
Overall Revenue Growth
NerdWallet delivered Q3 revenue of $191 million, up 25% year-over-year.
SMB Vertical Performance
The SMB vertical saw double-digit year-over-year growth, driven by renewals business and SMB products categories.
Non-GAAP Operating Income Increase
NerdWallet earned $23 million in non-GAAP operating income, up $13 million year-over-year.
Acquisition of Next Door Lending
The strategic acquisition is expected to contribute approximately 1 to 2 percentage points of growth to Q4 '24 revenue outlook.
Strong Adjusted EBITDA
NerdWallet earned over $37 million of adjusted EBITDA in the third quarter.
Growth in Emerging Verticals
Emerging verticals finished Q3 with revenue of $94 million, growing 129% year-over-year.
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NRDS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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NRDS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 29, 2024 | $11.32 | $15.06 | +33.04% |
| Jul 31, 2024 | $14.63 | $11.44 | -21.80% |
| Apr 25, 2024 | $13.52 | $12.89 | -4.66% |
| Feb 14, 2024 | $16.56 | $16.32 | -1.45% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does NerdWallet, Inc. Class A (NRDS) report earnings?
NerdWallet, Inc. Class A (NRDS) is schdueled to report earning on Feb 12, 2025, TBA Not Confirmed.
What is NerdWallet, Inc. Class A (NRDS) earnings time?
NerdWallet, Inc. Class A (NRDS) earnings time is at Feb 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NRDS EPS forecast?
NRDS EPS forecast for the fiscal quarter 2024 (Q4) is 0.01.
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