Nerdy Inc. (NRDY) Reports Q2 Loss, Misses Revenue Estimates

Company Performance - Nerdy Inc. reported a quarterly loss of $0.08 per share, better than the Zacks Consensus Estimate of a loss of $0.12, and compared to earnings of $0.04 per share a year ago, representing an earnings surprise of 33.33% [1] - The company posted revenues of $50.98 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 0.31%, but showing an increase from year-ago revenues of $48.84 million [2] - Over the last four quarters, Nerdy has surpassed consensus EPS estimates four times and topped consensus revenue estimates three times [2] Stock Performance - Nerdy shares have declined approximately 57.1% since the beginning of the year, contrasting with the S&P 500's gain of 9% [3] - The current consensus EPS estimate for the upcoming quarter is -$0.15 on revenues of $47.75 million, and for the current fiscal year, it is -$0.31 on revenues of $235.19 million [7] Industry Outlook - The Schools industry, to which Nerdy belongs, is currently ranked in the top 37% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8]