Porch Group Expects Full Year 2024 Revenue Of $450M-$490M (Est $403.98M), Revenue Less Cost Of Revenue Of $225M-$240M
Portfolio Pulse from Benzinga Newsdesk
Porch Group has projected its full-year 2024 revenue to be between $450M and $490M, surpassing the estimated $403.98M. Additionally, the company anticipates its revenue less cost of revenue to range from $225M to $240M.
March 07, 2024 | 9:38 pm
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Porch Group's revenue forecast for 2024 significantly exceeds analyst expectations, indicating strong future performance.
Porch Group's projection of its 2024 revenue to surpass analyst estimates by a significant margin suggests confidence in its business model and growth trajectory. This positive outlook is likely to instill investor confidence and could lead to an uptick in the stock price in the short term.
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