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BUZZ-Goosehead Insurance hits three-year high after Q4 profit beats expectations

ReutersFeb 25, 2025 4:18 PM

Shares of insurance agency Goosehead Insurance GSHD.O rise as much as 20.7%, hitting their highest since 2021

Stock last up 18.4% at $125.06

GSHD late Monday posted Q4 adjusted EPS of 79 cents/shr, beating Wall Street expectations of 40 cents, according to estimates compiled by LSEG

Q4 revenue jumped 49% to $93.9 million, driven by strong growth in commissions and agency fees

Truist analyst Mark Hughes says the beat was driven by a huge jump in contingent commissions, an important swing factor for GSHD earnings

Citizens JMP Securities analyst Matthew Carletti says GSHD is well positioned to continue to drive high levels of growth given it has a better business model than peers and a very small market share

As of last close, GSHD stock up 4.1% YTD

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