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Nextdoor Holdings, Inc. (KIND) Rises Higher Than Market: Key Facts
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Nextdoor Holdings, Inc. (KIND - Free Report) closed at $1.77 in the latest trading session, marking a +1.14% move from the prior day. The stock's performance was ahead of the S&P 500's daily gain of 0.73%. Meanwhile, the Dow experienced a rise of 0.62%, and the technology-dominated Nasdaq saw an increase of 0.93%.
Prior to today's trading, shares of the company had lost 3.31% over the past month. This has lagged the Computer and Technology sector's loss of 0.22% and the S&P 500's loss of 2.29% in that time.
Market participants will be closely following the financial results of Nextdoor Holdings, Inc. in its upcoming release. The company plans to announce its earnings on November 7, 2023. In that report, analysts expect Nextdoor Holdings, Inc. to post earnings of -$0.10 per share. This would mark a year-over-year decline of 11.11%. In the meantime, our current consensus estimate forecasts the revenue to be $56.23 million, indicating a 4.22% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates project earnings of -$0.36 per share and a revenue of $224.86 million, demonstrating changes of 0% and +5.68%, respectively, from the preceding year.
Investors should also take note of any recent adjustments to analyst estimates for Nextdoor Holdings, Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Nextdoor Holdings, Inc. is currently sporting a Zacks Rank of #3 (Hold).
The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 66, placing it within the top 27% of over 250 industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Nextdoor Holdings, Inc. (KIND) Rises Higher Than Market: Key Facts
Nextdoor Holdings, Inc. (KIND - Free Report) closed at $1.77 in the latest trading session, marking a +1.14% move from the prior day. The stock's performance was ahead of the S&P 500's daily gain of 0.73%. Meanwhile, the Dow experienced a rise of 0.62%, and the technology-dominated Nasdaq saw an increase of 0.93%.
Prior to today's trading, shares of the company had lost 3.31% over the past month. This has lagged the Computer and Technology sector's loss of 0.22% and the S&P 500's loss of 2.29% in that time.
Market participants will be closely following the financial results of Nextdoor Holdings, Inc. in its upcoming release. The company plans to announce its earnings on November 7, 2023. In that report, analysts expect Nextdoor Holdings, Inc. to post earnings of -$0.10 per share. This would mark a year-over-year decline of 11.11%. In the meantime, our current consensus estimate forecasts the revenue to be $56.23 million, indicating a 4.22% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates project earnings of -$0.36 per share and a revenue of $224.86 million, demonstrating changes of 0% and +5.68%, respectively, from the preceding year.
Investors should also take note of any recent adjustments to analyst estimates for Nextdoor Holdings, Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Nextdoor Holdings, Inc. is currently sporting a Zacks Rank of #3 (Hold).
The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 66, placing it within the top 27% of over 250 industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.