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Nextdoor Holdings, Inc. (KIND) Stock Falls Amid Market Uptick: What Investors Need to Know
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In the latest trading session, Nextdoor Holdings, Inc. (KIND - Free Report) closed at $1.67, marking a -1.18% move from the previous day. The stock trailed the S&P 500, which registered a daily gain of 0.57%. Meanwhile, the Dow experienced a rise of 0.46%, and the technology-dominated Nasdaq saw an increase of 0.75%.
Prior to today's trading, shares of the company had lost 2.31% over the past month. This has lagged the Computer and Technology sector's gain of 1.51% and the S&P 500's gain of 3.4% in that time.
The investment community will be paying close attention to the earnings performance of Nextdoor Holdings, Inc. in its upcoming release. The company is forecasted to report an EPS of -$0.11, showcasing a 22.22% downward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $51.46 million, down 3.41% from the prior-year quarter.
Investors might also notice recent changes to analyst estimates for Nextdoor Holdings, Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Currently, Nextdoor Holdings, Inc. is carrying a Zacks Rank of #3 (Hold).
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 29, which puts it in the top 12% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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Nextdoor Holdings, Inc. (KIND) Stock Falls Amid Market Uptick: What Investors Need to Know
In the latest trading session, Nextdoor Holdings, Inc. (KIND - Free Report) closed at $1.67, marking a -1.18% move from the previous day. The stock trailed the S&P 500, which registered a daily gain of 0.57%. Meanwhile, the Dow experienced a rise of 0.46%, and the technology-dominated Nasdaq saw an increase of 0.75%.
Prior to today's trading, shares of the company had lost 2.31% over the past month. This has lagged the Computer and Technology sector's gain of 1.51% and the S&P 500's gain of 3.4% in that time.
The investment community will be paying close attention to the earnings performance of Nextdoor Holdings, Inc. in its upcoming release. The company is forecasted to report an EPS of -$0.11, showcasing a 22.22% downward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $51.46 million, down 3.41% from the prior-year quarter.
Investors might also notice recent changes to analyst estimates for Nextdoor Holdings, Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Currently, Nextdoor Holdings, Inc. is carrying a Zacks Rank of #3 (Hold).
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 29, which puts it in the top 12% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.