Goosehead Insurance Q4 2023 Adj EPS $0.28 Misses $0.33 Estimate, Sales $63.01M Miss $68.27M Estimate
Portfolio Pulse from Benzinga Newsdesk
Goosehead Insurance (GSHD) reported Q4 2023 earnings of $0.28 per share, missing the $0.33 estimate, with sales of $63.01M also missing the $68.27M estimate. This represents a 9.77% increase in sales compared to the same period last year.
February 21, 2024 | 9:03 pm
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NEGATIVE IMPACT
Goosehead Insurance reported lower-than-expected Q4 2023 earnings and sales, missing estimates with a 9.77% YOY sales increase.
Missing both earnings and sales estimates typically leads to negative investor sentiment in the short term, potentially causing a decrease in stock price. The YOY sales increase may slightly mitigate the impact but is unlikely to fully offset the negative earnings news.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100