Porch Group Discloses An Estimated $18M In Catastrophic Weather Impact For 2Q23
Portfolio Pulse from Benzinga Newsdesk
Porch Group has disclosed an estimated $18M impact on its 2Q23 results due to catastrophic weather events. This could potentially affect the company's financial performance.
July 21, 2023 | 5:03 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Porch Group's 2Q23 results are expected to be impacted by an estimated $18M due to catastrophic weather events. This could potentially affect the company's stock price.
The news directly mentions Porch Group (PRCH) and the estimated $18M impact on its 2Q23 results due to catastrophic weather events. This could potentially affect the company's financial performance and, consequently, its stock price. Therefore, the short-term impact on PRCH's stock price is likely to be negative.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100