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

Porch

11/05/2023 24:23

* Porch Group Inc  PRCH.OQ  reported a quarterly adjusted
loss
of 41 cents​​ per share for the quarter ended in March. The mean
expectation of ten analysts for the quarter was for a loss of 35
cents per share.
    * Revenue rose 39.7% to $87.37 million from a year ago;
analysts
expected $69.51 million. 
    * Porch Group Inc's reported EPS for the quarter was a loss
of 41
cents​.
    * The mean earnings estimate of analysts had fallen by
about 43.2%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Porch Group Inc shares had fallen by 35.5% this
quarter and
lost 50.9% so far this year.
    * The company reported a quarterly loss of $38.74 million.
    * Wall Street's median 12-month price target for Porch Group
Inc
is $4.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
10 at 11:23 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Jun. 30 2022      -0.24          -0.27          Missed