Porch Group Inc reports results for the quarter ended in December - Earnings Summary

Porch

07/03/2024 23:36

* Porch Group Inc  PRCH.OQ  reported a quarterly adjusted
loss
of 3 cents​​ per share for the quarter ended in December, higher
than the same quarter last year, when the company reported EPS
of -36 cents.  The mean expectation of nine analysts for the
quarter was for a loss of 20 cents per share. Wall Street
expected results to range from -31 cents to -12 cents per share.
    * Revenue rose 78.8% to $114.61 million from a year ago;
analysts
expected $99.33 million. 
    * Porch Group Inc's reported EPS for the quarter was a loss
of 3
cents​.
    * The company reported a quarterly loss of $2.49 million.
    * Porch Group Inc shares had fallen by 2.6% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.2%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is also "buy"

Wall Street's median 12-month price target for Porch Group Inc
is $3.00 
This summary was machine generated from LSEG data March 7 at
11:36 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
 Dec. 31 2023      -0.20          -0.03          Beat
 Sep. 30 2023      -0.25          -0.06          Beat
 Jun. 30 2023      -0.48          -0.67          Missed
 Mar. 31 2023      -0.35          -0.41          Missed