* Porch Group Inc 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
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