Nerdy's (NRDY) Online Tuitions Open for Trinity Lutheran School

Nerdy, Inc.'s NRDY Varsity Tutors for Schools partners with Trinity Lutheran School. The collaboration aims to provide all students with access to the Varsity Tutors for Schools platform at no cost to the school, students or families until Jun 30, 2030.

This ensures valuable learning resources for everyone involved, with a comprehensive learning platform available to assist each district student whenever needed. The platform includes interactive study tools, collaborative workspaces and dynamic learning resources.

Enhancing Education With Varsity Tutors for Schools

Varsity Tutors for Schools — a leading live online tutoring platform — platform is used by more than 500 school districts nationwide. It helps bridge learning gaps and supplements classroom learning. NRDY offers a rich set of learning options for all K-12 schools. The platform is accessible to schools at no cost. It provides high-quality tutoring options, including flexible implementation models. These models can involve administrative staff, teachers or parents.

Students can chat with tutors 24/7 for homework help or problem-solving support. They can take practice tests and follow personal lesson plans for self-study. NRDY also offers expert-led live classes in subjects like Geometry, Middle School Math and Elementary School Reading.

Focus on Varsity Tutors for Schools

The company's Varsity Tutors for Schools product suite utilizes its platform capabilities to offer high-dosage tutoring and online learning solutions to institutions. The company focuses on platform scalability and developing a freemium upsell approach for high-dose security sales to K-12 school districts. This strategy aims to establish trust and credibility with new no-cost access partners.

During first-quarter 2024, NRDY's institutional business reported record quarterly revenues of $11.9 million, up 39% year over year. Bookings amounted to $4.4 million, reflecting efforts to integrate the Varsity Tutors platform and expand sales headcount. This strategy aims to optimize performance for the back-to-school season and capitalize on long-term institutional opportunities.

The company successfully provided access to Varsity Tutors for an additional 1.2 million students, reaching a total of 2.2 million across 475 school districts at the end of the quarter. For the year, the company aims to enable access for 10 million students, nearly 20% of the K-12 population in the United States.

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Shares of NRDY have declined 36.7% in the past six months versus the Zacks Schools industry’s 3.3% growth. Although it has underperformed the industry in the said period, the company is likely to benefit from strong demand in its consumer and institutional businesses.

The company merged subscription models and access-based products across its consumer and institutional businesses. This integration aimed to create a unified, intuitive and personalized experience for users of Varsity Tutors. The company expects these changes will streamline sales and service processes beyond K-12, extending to audiences such as college, graduate school and professional learners.

Zacks Rank & Key Picks

Nerdy currently sports a Zacks Rank #3 (Hold).

Some better-ranked stocks in the Zacks Consumer Discretionary sector are:

Strategic Education, Inc. STRA currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks Rank #1 stocks here.

STRA has a trailing four-quarter earnings surprise of 36.2%, on average. The stock has surged 42.7% in the past year. The Zacks Consensus Estimate for STRA’s 2024 sales and earnings per share (EPS) indicates an increase of 6.4% and 33.3%, respectively, from the year-ago levels.

Royal Caribbean Cruises Ltd. RCL currently sports a Zacks Rank of 1. RCL has a trailing four-quarter earnings surprise of 18.3%, on average. The stock has rallied 81.6% in the past year.

The Zacks Consensus Estimate for RCL’s 2024 sales and EPS calls for growth of 16.6% and 61.9%, respectively, from the year-ago levels.

Hasbro, Inc. HAS presently flaunts a Zacks Rank of 1. The company has a trailing four-quarter earnings surprise of 17.5%, on average. The stock has gained 15.3% in the year-to-date period.

The Zacks Consensus Estimate for HAS’ 2025 sales and EPS suggests an improvement of 4% and 14%, respectively, from the year-ago levels.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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