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

Porch

06/08/2024 23:02

* Porch Group Inc  PRCH.OQ  reported a quarterly adjusted
loss
of 65 cents​​ per share for the quarter ended in June, higher
than the same quarter last year, when the company reported EPS
of -67 cents.  The mean expectation of eight analysts for the
quarter was for a loss of 53 cents per share. Wall Street
expected results to range from -64 cents to -23 cents per share.
    * Revenue rose 12.2% to $110.84 million from a year ago;
analysts
expected $116.27 million. 
    * Porch Group Inc's reported EPS for the quarter was a loss
of 65
cents​.
    * The company reported a quarterly loss of $64.32 million.
    * Porch Group Inc shares had risen by 14.6% this quarter and
lost 43.8% so far this year.

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," 2
"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 $5.00 
This summary was machine generated from LSEG data August 6 at
10:02 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      -0.53          -0.65          Missed
 Mar. 31 2024      -0.34          -0.20          Beat
 Dec. 31 2023      -0.20          -0.03          Beat
 Sep. 30 2023      -0.25          -0.06          Beat