Porch Group (PRCH) to Release Quarterly Earnings on Thursday

Porch Group (NASDAQ:PRCH) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of ($0.01) per share for the quarter. Porch Group has set its FY 2024 guidance at EPS.Parties that are interested in participating in the company’s conference call can do so using this link.

Porch Group (NASDAQ:PRCH) last issued its quarterly earnings data on Tuesday, August 6th. The company reported ($0.65) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.58) by ($0.07). The firm had revenue of $110.84 million for the quarter, compared to analysts’ expectations of $117.91 million. During the same period last year, the firm posted ($0.73) earnings per share. On average, analysts expect Porch Group to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Porch Group Price Performance

Shares of PRCH stock opened at $2.40 on Thursday. Porch Group has a 1 year low of $0.54 and a 1 year high of $4.78. The firm has a fifty day moving average price of $1.46 and a 200-day moving average price of $1.92. The company has a market cap of $285.05 million, a price-to-earnings ratio of -2.73 and a beta of 2.04.

Insider Buying and Selling at Porch Group

In other Porch Group news, CFO Shawn Tabak sold 15,000 shares of the stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $2.00, for a total transaction of $30,000.00. Following the completion of the transaction, the chief financial officer now owns 278,298 shares of the company’s stock, valued at $556,596. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 23.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on PRCH shares. Benchmark reissued a “buy” rating and set a $7.00 price objective on shares of Porch Group in a research report on Tuesday. Cantor Fitzgerald raised shares of Porch Group to a “strong-buy” rating in a research report on Tuesday, August 13th. Oppenheimer cut their price objective on shares of Porch Group from $4.50 to $3.50 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Northland Securities dropped their target price on shares of Porch Group from $5.00 to $3.25 and set an “outperform” rating for the company in a report on Wednesday, August 7th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of Porch Group from $3.75 to $1.50 and set a “market perform” rating for the company in a report on Thursday, August 8th. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Porch Group currently has an average rating of “Buy” and a consensus price target of $4.32.

Porch Group Company Profile

Porch Group, Inc, together with its subsidiaries, operates a vertical software and insurance platform in the United States. The company operates in two segments, Vertical Software and Insurance. The Vertical Software segment provides software and services to inspection, mortgage, and title companies on a subscription and transactional basis, as well as move and post-move services.