Goosehead Insurance Inc reports results for the quarter ended in June - Earnings Summary

Goosehead Insurance

24/07/2024 22:22

* Goosehead Insurance Inc  GSHD.OQ  reported quarterly
adjusted
earnings of 43 cents​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of 41 cents.  The mean expectation of
eleven analysts for the quarter was for earnings of 39 cents per
share. Wall Street expected results to range from 30 cents to 45
cents per share.
    * Revenue rose 12.7% to $78.09 million from a year ago;
analysts
expected $74.24 million. 
    * Goosehead Insurance Inc's reported EPS for the quarter was
24
cents​.
    * The company reported quarterly net income of $6.2 million.
    * Goosehead Insurance Inc shares had risen by 17.5% this
quarter and lost 11.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 12%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 3
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the multiline
insurance
& brokers peer group is also "buy"

Wall Street's median 12-month price target for Goosehead
Insurance Inc is $80.00 
This summary was machine generated from LSEG data July 24 at
09:22 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.39           0.43           Beat
 Mar. 31 2024      0.21           0.28           Beat
 Dec. 31 2023      0.33           0.28           Missed
 Sep. 30 2023      0.31           0.46           Beat