NerdWallet, Inc. (NRDS) Reports Break-Even Earnings for Q3

Company Performance - NerdWallet, Inc. reported break-even quarterly earnings per share, compared to a loss of $0.01 per share a year ago, representing an earnings surprise of -100% [1] - The company posted revenues of $191.3 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 10%, and compared to year-ago revenues of $152.8 million [2] - Over the last four quarters, the company has surpassed consensus revenue estimates three times [2] Stock Movement and Outlook - Shares of NerdWallet, Inc. have lost about 21.3% since the beginning of the year, while the S&P 500 has gained 22.1% [3] - The company's earnings outlook will be crucial for future stock performance, with current consensus EPS estimate for the coming quarter at $0.07 on $152.1 million in revenues [4][7] - The current Zacks Rank for NerdWallet, Inc. is 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Context - The Financial - Miscellaneous Services industry, to which NerdWallet belongs, is currently in the bottom 43% of over 250 Zacks industries, which may impact stock performance [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]