Nextdoor (KIND) Scheduled to Post Quarterly Earnings on Wednesday

Nextdoor (NYSE:KIND) will be posting its quarterly earnings results after the market closes on Wednesday, November 6th. Analysts expect Nextdoor to post 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.Parties that wish to register for the company’s conference call can do so using this link.

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

Nextdoor Stock Up 2.5 %

NYSE KIND opened at $2.50 on Wednesday. Nextdoor has a twelve month low of $1.32 and a twelve month high of $2.99. The stock has a market cap of $975.71 million, a P/E ratio of -6.89 and a beta of 1.08. The company’s 50-day simple moving average is $2.44 and its 200 day simple moving average is $2.46.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other Nextdoor news, General Counsel Sophia Schwartz sold 17,529 shares of the stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $2.58, for a total transaction of $45,224.82. Following the sale, the general counsel now owns 304,666 shares of the company’s stock, valued at $786,038.28. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 46.04% of the company’s stock.

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.