Frontdoor jumps after forecasting Q2 rev above estimates, Q1 results beat

frontdoor

01/05/2025 17:38

** Home services provider Frontdoor FTDR.O has biggest one-day climb in nine months after raising FY 2025 rev forecast

** Shares up 12.1% at $46.07 as co beats Q1 results expectations

** Co raises FY revenue outlook to $2.03 bln to $2.05 bln from previous forecast $2 bln to $2.04 bln

** Frontdoor estimates Q2 rev to be between $600 mln and $605 mln, the mid-point of which is above Wall Street estimates of $590.4 mln - data compiled by LSEG

** FTDR posts EPS of 64 cents and rev of $426 mln, beating analysts' expectations of 38 cents and $416.4 mln, respectively

** Co increases target for FY share purchase to at least $200 mln

** 3 of 6 analysts rate FTDR as "buy" or higher, 2 "hold" and 1 "sell"; Median PT is $56 - data compiled by LSEG

** With session's move, FTDR down 15.6% YTD vs S&P 600 small cap index .SPCY decline of 12.7%

 (Reporting by Twesha Dikshit)

 ((Twesha.Dikshit@thomsonreuters.com))