Porch Group Inc reports results for the quarter ended December 31 - Earnings Summary

• Porch Group Inc PRCH.OQ reported quarterly adjusted earnings of 31 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of -3 cents. The mean expectation of six analysts for the quarter was for earnings of 6 cents per share. Wall Street expected results to range from 2 cents to 8 cents per share.

• Revenue fell 12.4% to $100.36 million from a year ago; analysts expected $110.30 million.

• Porch Group Inc's reported EPS for the quarter was 31 cents​.

• The company reported quarterly net income of $30.47 million.

• Porch Group Inc shares had fallen by 20.1% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the software peer group is also "buy"

Wall Street's median 12-month price target for Porch Group Inc is $7.00

This summary was machine generated from LSEG data February 26 at 12:59 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)