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Nerdy Inc. (NRDY) Reports Q3 Loss, Tops Revenue Estimates
NRDYNerdy (NRDY) ZACKS·2024-11-07 23:36

Company Performance - Nerdy Inc. reported a quarterly loss of 0.14pershare,betterthantheZacksConsensusEstimateofalossof0.14 per share, better than the Zacks Consensus Estimate of a loss of 0.23, and compared to a loss of 0.13pershareayearago,indicatinganearningssurpriseof39.130.13 per share a year ago, indicating an earnings surprise of 39.13% [1] - The company posted revenues of 37.53 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 2.47%, although this is a decline from year-ago revenues of 40.3million[2]−Overthelastfourquarters,NerdyhassurpassedconsensusEPSestimatesfourtimesandtoppedconsensusrevenueestimatesthreetimes[2]StockPerformance−Nerdyshareshavedeclinedapproximately74.340.3 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 74.3% since the beginning of the year, contrasting with the S&P 500's gain of 24.3% [3] - The current consensus EPS estimate for the upcoming quarter is -0.09 on revenues of 57.06million,andforthecurrentfiscalyear,itis−57.06 million, and for the current fiscal year, it is -0.48 on revenues of $198.39 million [7] Industry Outlook - The Schools industry, to which Nerdy belongs, is currently ranked in the top 12% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% of industries [8] - The performance of Nerdy may be influenced by the overall outlook for the industry, as empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions [5][8]