Nextdoor Holdings Inc reports results for the quarter ended June 30 - Earnings Summary

• Nextdoor Holdings Inc NXDR.N reported a quarterly adjusted loss of 4 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -11 cents. The mean expectation of six analysts for the quarter was for a loss of 6 cents per share. Wall Street expected results to range from -7 cents to -5 cents per share.

• Revenue rose 2.8% to $65.09 million from a year ago; analysts expected $60.35 million.

• Nextdoor Holdings Inc's reported EPS for the quarter was a loss of 4 cents​.

• The company reported a quarterly loss of $15.36 million.

• Nextdoor Holdings Inc shares had risen by 6.0% this quarter and lost 25.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 4.5% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 4 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the online services peer group is "buy."

• Wall Street's median 12-month price target for Nextdoor Holdings Inc is $1.75, about 4.6% below its last closing price of $1.83

This summary was machine generated from LSEG data August 8 at 04:01 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)