Goosehead Insurance Q3 2024 Adj. EPS $0.50 Beats $0.45 Estimate, Sales $78.035M Miss $80.650M Estimate
Portfolio Pulse from Benzinga Newsdesk
Goosehead Insurance reported Q3 2024 earnings per share of $0.50, surpassing the expected $0.45, but sales of $78.035 million fell short of the $80.650 million estimate. Despite the sales miss, revenue increased by 9.86% compared to the previous year.
October 23, 2024 | 8:03 pm
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Goosehead Insurance's Q3 2024 EPS of $0.50 exceeded expectations, but sales of $78.035M missed estimates. Despite the sales miss, revenue grew by 9.86% year-over-year.
The EPS beat suggests operational efficiency or cost management, which is positive. However, the sales miss indicates potential challenges in revenue generation. The YoY revenue growth is a positive sign, but the mixed results may lead to a neutral short-term stock impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100