Can NerdWallet, Inc. (NRDS) Run Higher on Rising Earnings Estimates?

Core Viewpoint - NerdWallet, Inc. (NRDS) shows a significant improvement in earnings outlook, making it an attractive investment option as analysts continue to raise earnings estimates for the company [1][2]. Earnings Estimate Revisions - The upward trend in earnings estimate revisions indicates growing analyst optimism regarding NerdWallet's earnings prospects, which is expected to positively impact its stock price [2]. - For the current quarter, NerdWallet is projected to earn $0.17 per share, reflecting a remarkable increase of +1,600.0% year-over-year, with a consensus estimate increase of 11.48% over the last 30 days [5]. - For the full year, the earnings estimate is $0.58 per share, representing a year-over-year change of +680.0%, with a consensus estimate increase of 24.6% due to three upward revisions and no negative revisions [6][7]. Zacks Rank and Performance - NerdWallet currently holds a Zacks Rank 1 (Strong Buy), indicating strong agreement among analysts in raising earnings estimates, which historically correlates with stock price outperformance [3][8]. - Stocks with a Zacks Rank 1 and 2 have shown significant outperformance compared to the S&P 500, with Zacks 1 stocks averaging a +25% annual return since 2008 [3][8]. Recent Stock Performance - The stock has increased by 36.2% over the past four weeks due to strong estimate revisions, suggesting potential for further upside [9].