FTDR Earnings Prediction
The chart below shows how FTDR performed 10 days before and after its earnings report, based on data from the past quarters. Typically, FTDR sees a -7.10% change in stock price 10 days leading up to the earnings, and a +0.53% change 10 days following the report. On the earnings day itself, the stock moves by +8.20%. This data can give you a slight idea of what to expect for the next quarter's release.
FTDR Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
540.00M
3.05%
-0.37%
Gross Margin
54.63%
10.52%
0.04%
Operating Margin
26.30%
28.80%
9.63%
Net Margin
18.52%
34.79%
9.13%
EPS
1.30
47.73%
10.17%
No Data Available
FTDR Earnings Analysis
Frontdoor, Inc. Common Stock Corporation (FTDR.O) Earnings Conference Call
Positive
Gross Margin Improvement: Gross margins increased to about 53%, an all-time high, reflecting a significant improvement from the all-time low of 43% two years ago.
Revenue Exceeds Guidance: Revenue increased 3% to $540 million, exceeding the guided midpoint by almost $3 million.
Net Income Surge: Net income grew 40% to $100 million, showcasing strong financial performance.
EBITDA Growth and Efficiency: Adjusted EBITDA increased 29% to $165 million, demonstrating effective cost management and operational efficiency.
Share Repurchase Commitment: The company repurchased $119 million worth of shares year-to-date through August, reflecting a commitment to returning value to shareholders.
Negative
Home Sales Decline: The annual run rate of home sales decreased to 3.8 million homes, the lowest in 14 years.
Customer Count Decline: Our first year real estate customer count is down almost 14% in the third quarter versus the prior year, and down more than half from five years ago.
Rising Home Inventory: The existing home inventory is rising, now at 4.3 months of supply, which is the highest it's been in the last four years.
DTC Customer Count Forecast: The DTC customer count actually grew in the third quarter versus the second quarter, but we're now forecasting that our ending 2024 DTC customer count will be in line with a year ago.
Fourth Quarter Revenue Outlook: We expect our fourth quarter revenue to be approximately $367 million, which reflects a low single-digit increase in our renewal channel, a decline of approximately 10% in our real estate channel, driven by volume.
FTDR FAQs
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FTDR Earning Call Sentiment
Frontdoor, Inc. (FTDR) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
FTDR.O
-2.26%Positive
The earnings call highlights strong financial performance, with revenue and net income growth, improved margins, and a new share repurchase program. However, concerns arise from a declining real estate market, reduced customer acquisition, and risks associated with discounting strategies. The Q&A session reveals some uncertainty regarding future growth strategies and market conditions. The market cap of $2.6 billion suggests moderate stock price volatility. Overall, the positive financial metrics are offset by market challenges and uncertainties, resulting in a neutral sentiment for the stock price over the next two weeks.
