Nextdoor (KIND) Scheduled to Post Earnings on Wednesday

Nextdoor (NYSE:KIND) will be issuing its quarterly earnings data after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of ($0.05) per share for the quarter. Nextdoor has set its FY 2024 guidance at EPS and its Q3 2024 guidance at EPS.Investors that are interested in participating in the company’s conference call can do so using this link.

Nextdoor (NYSE:KIND) last issued its quarterly earnings results on Wednesday, August 7th. The company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.01. Nextdoor had a negative net margin of 65.63% and a negative return on equity of 22.69%. The company had revenue of $63.29 million during the quarter, compared to the consensus estimate of $58.80 million. On average, analysts expect Nextdoor to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Nextdoor Trading Down 2.0 %

Shares of Nextdoor stock opened at $2.42 on Tuesday. The company has a market cap of $919.38 million, a PE ratio of -6.37 and a beta of 1.08. The company has a 50 day moving average of $2.43 and a 200-day moving average of $2.48. Nextdoor has a 1-year low of $1.32 and a 1-year high of $2.99.

Insider Activity

In related news, General Counsel Sophia Schwartz sold 17,529 shares of the business’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $2.58, for a total value of $45,224.82. Following the transaction, the general counsel now owns 304,666 shares in the company, valued at $786,038.28. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 46.04% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley increased their price objective on shares of Nextdoor from $2.20 to $2.50 and gave the company an “equal weight” rating in a research note on Tuesday, July 23rd.

About Nextdoor

Nextdoor Holdings, Inc operates a neighborhood network that connects neighbors, businesses, and public services in the United States and internationally. The company enables neighbors and organizations to get information, give and get help, and build connections. It also offers advertising solutions, designs to generate value for businesses for connection and sales expansion.