Porch Group Inc reports results for the quarter ended in September 30 - Earnings Summary

Porch

08/11/2024 05:18

* Porch Group Inc  PRCH.OQ  reported quarterly adjusted
earnings
of 12 cents​​ per share for the quarter ended September 30,
higher than the same quarter last year, when the company
reported EPS of -6 cents.  The mean expectation of
seven analysts for the quarter was for a loss of 30 cents per
share. Wall Street expected results to range from -38 cents
to -17 cents per share.
    * Revenue fell 14.2% to $111.20 million from a year ago;
analysts
expected $116.22 million. 
    * Porch Group Inc's reported EPS for the quarter was 12
cents​.
    * The company reported quarterly net income of $14.38
million.
    * Porch Group Inc shares had risen by 48.5% this quarter and
lost 26.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 19.1%
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 5 "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 $4.00 
This summary was machine generated from LSEG data November 8 at
05:18 a.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
 Sep. 30 2024      -0.30          0.12           Beat
 Jun. 30 2024      -0.53          -0.65          Missed
 Mar. 31 2024      -0.34          -0.20          Beat
 Dec. 31 2023      -0.20          -0.03          Beat