Porch Group, Inc. (NASDAQ:PRCH) Analysts Just Slashed Next Year's Revenue Estimates By 12%

Simply Wall St.11-12

Market forces rained on the parade of Porch Group, Inc. (NASDAQ:PRCH) shareholders today, when the analysts downgraded their forecasts for next year. Revenue estimates were cut sharply as analysts ...

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Revenue estimates were cut sharply as analysts ...</p>\n\n<a href=\"https://finance.yahoo.com/news/porch-group-inc-nasdaq-prch-111828506.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Porch Group, Inc. 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(NASDAQ:PRCH) Analysts Just Slashed Next Year's Revenue Estimates By 12%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-12 19:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/porch-group-inc-nasdaq-prch-111828506.html><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Market forces rained on the parade of Porch Group, Inc. (NASDAQ:PRCH) shareholders today, when the analysts downgraded their forecasts for next year. Revenue estimates were cut sharply as analysts ...</p>\n\n<a href=\"https://finance.yahoo.com/news/porch-group-inc-nasdaq-prch-111828506.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NDAQ","symbol_name":"纳斯达克OMX交易所","start_time":0,"source_url":"https://finance.yahoo.com/news/porch-group-inc-nasdaq-prch-111828506.html","article_id":"2482863088","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/D5RQ4IawidDVtnEYQELG0g--~B/aD00MzI7dz0xMTk0O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/simply_wall_st__316/bba80cef4667ee8433810d7fbee032a7"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2482863088","pubTimestamp":1731410308,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Market forces rained on the parade of Porch Group, Inc.  shareholders today, when the analysts downgraded their forecasts for next year. Revenue estimates were cut sharply as analysts signalled a weaker outlook - perhaps a sign that investors should temper their expectations as well. Investors however, have been notably more optimistic about Porch Group recently, with the stock price up a majestic 57% to US$3.18 in the past week. With such a sharp increase, it seems brokers may have seen something that is not yet being priced in by the wider market.Following the latest downgrade, Porch Group's six analysts currently expect revenues in 2025 to be US$450m, approximately in line with the last 12 months. Before the latest update, the analysts were foreseeing US$511m of revenue in 2025. It looks like forecasts have become a fair bit less optimistic on Porch Group, given the substantial drop in revenue estimates.NasdaqCM:PRCH Earnings and Revenue Growth November 12th 2024","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"NDAQ":"纳斯达克OMX交易所",".IXIC":"NASDAQ Composite","PRCH":"Porch Group, Inc."},"translate_title":"Porch Group,Inc.（纳斯达克股票代码：PRCH）分析师刚刚将明年的收入预期下调了12%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{".IXIC":1,"NDAQ":1,"PRCH":1},"content_text":"Market forces rained on the parade of Porch Group, Inc. (NASDAQ:PRCH) shareholders today, when the analysts downgraded their forecasts for next year. Revenue estimates were cut sharply as analysts signalled a weaker outlook - perhaps a sign that investors should temper their expectations as well. Investors however, have been notably more optimistic about Porch Group recently, with the stock price up a majestic 57% to US$3.18 in the past week. With such a sharp increase, it seems brokers may have seen something that is not yet being priced in by the wider market. \n Following the latest downgrade, Porch Group's six analysts currently expect revenues in 2025 to be US$450m, approximately in line with the last 12 months. Before the latest update, the analysts were foreseeing US$511m of revenue in 2025. It looks like forecasts have become a fair bit less optimistic on Porch Group, given the substantial drop in revenue estimates. \n View our latest analysis for Porch Group \n\n\n\n  NasdaqCM:PRCH Earnings and Revenue Growth November 12th 2024\n \n\n The consensus price target rose 11% to US$4.25, with the analysts clearly more optimistic about Porch Group's prospects following this update. \n These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Porch Group's past performance and to peers in the same industry. These estimates imply that sales are expected to slow, with a forecast annualised revenue decline of 0.4% by the end of 2025. This indicates a significant reduction from annual growth of 40% over the last five years. Compare this with our data, which suggests that other companies in the same industry are, in aggregate, expected to see their revenue grow 12% per year. It's pretty clear that Porch Group's revenues are expected to perform substantially worse than the wider industry. \nThe Bottom Line \n The clear low-light was that analysts slashing their revenue forecasts for Porch Group next year. They're also anticipating slower revenue growth than the wider market. There was also a nice increase in the price target, with analysts apparently feeling that the intrinsic value of the business is improving. Often, one downgrade can set off a daisy-chain of cuts, especially if an industry is in decline. So we wouldn't be surprised if the market became a lot more cautious on Porch Group after today. \n After a downgrade like this, it's pretty clear that previous forecasts were too optimistic. What's more, we've spotted several possible issues with Porch Group's business, like dilutive stock issuance over the past year. Learn more, and discover the 2 other concerns we've identified, for free  on our platform here.  \n Of course, seeing company management  invest large sums of money in a stock can be just as useful as knowing whether analysts are downgrading their estimates. So you may also wish to search this free list of stocks with high insider ownership. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2482863088"}