Goosehead Insurance Q1 2024 Adj EPS $0.28 Beats $0.21 Estimate, Sales $64.460M Miss $65.299M Estimate
Portfolio Pulse from Benzinga Newsdesk
Goosehead Insurance (GSHD) reported Q1 2024 adjusted EPS of $0.28, surpassing the $0.21 estimate, marking a 64.71% increase from last year. However, their sales of $64.460M fell short of the $65.299M estimate, though it's an 11.22% increase from the previous year.
April 24, 2024 | 8:18 pm
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Goosehead Insurance's Q1 2024 earnings beat estimates with an adjusted EPS of $0.28, a significant increase from the previous year, but sales slightly missed estimates.
The positive earnings surprise, with a 33.33% beat on EPS estimates and a significant year-over-year growth, is likely to be viewed favorably by investors, potentially leading to a short-term positive impact on GSHD's stock price. The slight miss in sales might temper some of the enthusiasm, but the overall positive earnings growth and the beat on EPS estimates are likely to be the dominant factors influencing investor sentiment in the short term.
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