Nerdy, Inc. NRDY reported upbeat outcomes for its third quarter, however issued a weak forecast.
Nerdy posted quarterly lack of 13 cents per share, in comparison with market expectations for a lack of 21 cents per share. The corporate’s quarterly gross sales got here in at $40.30 million versus estimates of $39.04 million.
Nerdy stated it sees fourth-quarter income of $54 million to $56M million versus analysts’ estimates of $60.92 million. The corporate expects FY23 income of $192 million to $194 million versus estimates of $198.02 million.
Nerdy shares fell 19.2% to commerce at $2.5050 on Wednesday.
These analysts made modifications to their worth targets on Nerdy following earnings announcement.
- Raymond James slashed the value goal on Nerdy from $5.5 to $4. Raymond James analyst Alexander Sklar maintained an Outperform ranking.
- Cantor Fitzgerald lower the value goal on Nerdy from $8 to $6. Cantor Fitzgerald analyst Brett Knoblauch maintained an Chubby ranking.
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