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

Porch

09/08/2023 02:03

* Porch Group Inc  PRCH.OQ  reported a quarterly adjusted
loss
of 67 cents​​ per share for the quarter ended in June. The mean
expectation of nine analysts for the quarter was for a loss
of 48 cents per share.
    * Revenue rose 39.6% to $98.77 million from a year ago;
analysts
expected $85.87 million. 
    * Porch Group Inc's reported EPS for the quarter was a loss
of 91
cents​.
    * The mean earnings estimate of analysts had fallen by
about 34.4%
in the last three months.​ 
    * In the last 30 days, five analysts negatively revised
earnings
estimates 
    * Porch Group Inc shares had fallen by 8.7% this quarter and
lost 33.0% so far this year.
    * The company reported a quarterly loss of $86.96 million.
    * Wall Street's median 12-month price target for Porch Group
Inc
is $3.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 9 at 01:03 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.48          -0.67          Missed
 Mar. 31 2023      -0.35          -0.41          Missed
 Dec. 31 2022      -0.28          -0.36          Missed
 Sep. 30 2022      -0.20          -0.88          Missed