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

• NerdWallet Inc NRDS.OQ reported quarterly adjusted earnings of 11 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -12 cents. The mean expectation of seven analysts for the quarter was for earnings of 10 cents per share. Wall Street expected results to range from 9 cents to 12 cents per share.

• Revenue rose 24.1% to $186.90 million from a year ago; analysts expected $195.31 million.

• NerdWallet Inc's reported EPS for the quarter was 11 cents​.

• The company reported quarterly net income of $8.2 million.

• NerdWallet Inc shares had risen by 1.0% this quarter and lost 16.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged 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 "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the consumer lending peer group is also "buy"

• Wall Street's median 12-month price target for NerdWallet Inc is $15.50, about 28.5% above its last closing price of $11.08

This summary was machine generated from LSEG data August 8 at 05:45 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)