Porch Group jumps after raising full-year forecasts

Porch

29/04/2026 10:30

** Shares of homeowners insurance firm Porch Group PRCH.O climb 9.3% to $9.39 premarket

** Co raises 2026 revenue forecast to $495 mln-$507 mln from prior range of $475 mln-$490 mln

** Also raises FY adjusted EBITDA forecast to $103 mln-$109 mln from prior range of $98 mln-$105 mln

** Reports Q1 shareholder interest revenue of $109.4 mln, climbing 29% YoY, helped by strong insurance services growth

** As of last close, PRCH shares down about 5.9% YTD, compared with 4.1% fall in Nasdaq Insurance index .IXIS

 (Reporting by Shashwat Chauhan in Bengaluru)

 ((Shashwat.Chauhan@thomsonreuters.com))