Porch Group Q2 2024 GAAP EPS $(0.65) Misses $(0.54) Estimate, Sales $110.844M Miss $116.240M Estimate
Portfolio Pulse from Benzinga Newsdesk
Porch Group (NASDAQ:PRCH) reported Q2 2024 GAAP EPS of $(0.65), missing the $(0.54) estimate by 20.37%. Sales were $110.844M, missing the $116.240M estimate by 4.64%, but up 12.23% from last year's $98.765M.
August 06, 2024 | 9:32 pm
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Porch Group reported Q2 2024 GAAP EPS of $(0.65), missing the $(0.54) estimate by 20.37%. Sales were $110.844M, missing the $116.240M estimate by 4.64%, but up 12.23% from last year's $98.765M.
The significant miss on both EPS and sales estimates is likely to negatively impact the stock price in the short term, despite the year-over-year sales growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100