Frontdoor Q1 2024 Adj EPS $0.44 Beats $0.20 Estimate, Sales $378.000M Beat $375.986M Estimate
Portfolio Pulse from Benzinga Newsdesk
Frontdoor (NASDAQ:FTDR) reported Q1 2024 adjusted EPS of $0.44, surpassing the $0.20 estimate, and sales of $378M, beating the $375.986M estimate. This represents a 51.72% increase in earnings and a 3.00% increase in sales from the same period last year.
May 02, 2024 | 12:09 pm
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Frontdoor's Q1 2024 earnings and sales exceeded analyst expectations, with a significant increase in EPS and a modest rise in sales compared to last year.
The substantial beat on both earnings per share and sales estimates, coupled with the year-over-year growth, suggests a strong financial performance by Frontdoor. This is likely to positively influence investor sentiment and could lead to a short-term uptick in FTDR's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100