Porch Group Shares Jump On Guidance Raise

Dow Jones04-29

By Nicholas G. Miller

Porch Group shares rose after the company reported first-quarter revenue above expectations and raised its fiscal-year guidance.

The stock gained 19% to $10.22 in premarket trading. Through Tuesday's close, it was up 39% over the past 12 months.

The company reported first-quarter revenue generated for shareholders of $109.4 million, up 29% from the previous year. Analysts polled by FactSet had expected $94.7 million.

Porch also raised its full-year revenue guidance to $495 million to $507 million, up from its previous forecast of $475 million to $490 million.

"We built the foundation in 2025 as we transitioned to a simpler, higher margin, fee- and commission-based model. Q1 2026 is the first quarter in recent history with a tangible year-over-year comparison and the momentum we have is now clear," Chief Executive Matt Ehrlichman said.

Write to Nicholas G. Miller at nicholas.miller@wsj.com.

(END) Dow Jones Newswires

April 29, 2026 09:18 ET (13:18 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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Miller at nicholas.miller@wsj.com. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 29, 2026 09:18 ET (13:18 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PRCH","symbol_name":"Porch Group, Inc.","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2631512712","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2631512712","pubTimestamp":1777468680,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Porch Group shares rose after the company reported first-quarter revenue above expectations and raised its fiscal-year guidance.The stock gained 19% to $10.22 in premarket trading. 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Miller \n\n\n \n\n\n  Porch Group shares rose after the company reported first-quarter revenue above expectations and raised its fiscal-year guidance. \n\n\n  The stock gained 19% to $10.22 in premarket trading. Through Tuesday's close, it was up 39% over the past 12 months. \n\n\n  The company reported first-quarter revenue generated for shareholders of $109.4 million, up 29% from the previous year. Analysts polled by FactSet had expected $94.7 million. \n\n\n  Porch also raised its full-year revenue guidance to $495 million to $507 million, up from its previous forecast of $475 million to $490 million. \n\n\n  \"We built the foundation in 2025 as we transitioned to a simpler, higher margin, fee- and commission-based model. Q1 2026 is the first quarter in recent history with a tangible year-over-year comparison and the momentum we have is now clear,\" Chief Executive Matt Ehrlichman said. \n\n\n \n\n\n  Write to Nicholas G. 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