PRCH Earnings Prediction
The chart below shows how PRCH performed 10 days before and after its earnings report, based on data from the past quarters. Typically, PRCH sees a +4.34% change in stock price 10 days leading up to the earnings, and a +9.72% change 10 days following the report. On the earnings day itself, the stock moves by -2.57%. This data can give you a slight idea of what to expect for the next quarter's release.
PRCH Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
111.20M
-14.17%
0.32%
Gross Margin
57.67%
-2.45%
232.97%
Operating Margin
-0.79%
-85.15%
-98.36%
Net Margin
12.93%
391.87%
-122.28%
EPS
0.12
300.00%
-118.46%
No Data Available
PRCH Earnings Analysis
Porch Group, Inc. Common Stock Corporation (PRCH.O) Earnings Conference Call
Positive
Insurance Exchange Approval: In October, we announced that the Texas Department of Insurance approved our application to form and license Porch Insurance Reciprocal Exchange or PIRE with the core structural and economic terms aligned with what was proposed in our application.
Record Quarterly Performance: We delivered record quarterly results with adjusted EBITDA at positive $17 million and achieved positive operating cash flow of $12 million, both exceeding expectations.
Positive Q3 Net Income: Net income in Q3 was positive at $14 million, despite Hurricane Beryl, a severe weather event occurring in early Q3.
Adjusted EBITDA Profitability Milestone: We expect to be adjusted EBITDA profitable ongoing marking today as a significant milestone for the business.
Insurance Profitability Strategies: Our insurance profitability actions are compounding and making a substantial impact; pricing, deductibles, the use of home factors, our unique property data, all contributing.
Negative
Revenue Decline Analysis: In Q3, revenue decreased by 14% from the prior year, driven by the Vestttoo matter.
Insurance Revenue Decline: Revenue from our Insurance segment was $79.9 million, a 16% decrease from the prior year, driven by the Vestttoo matter.
Gross Loss Ratio: Gross loss ratio in Q3 was 57%.
Gross Written Premium Decline: Our gross written premium decreased 10% from the prior year, driven by the divestiture of our legacy insurance agency, EIG, in the first quarter of this year.
Revenue Decline Analysis: The average revenue per monetized service was 377,26% lower than prior year, similarly driven by the Vestttoo matter.
PRCH FAQs
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PRCH Earning Call Sentiment
Porch Group, Inc. (PRCH) Q3 2024 Earnings Call Transcript
PRCH.O
6.45%Positive
The earnings call presents a mixed picture. Financially, there's a revenue decrease, but an improvement in EBITDA and cash flow. The strategic shift to a reciprocal model and new services show potential, but uncertainties exist. The Q&A highlighted unclear management responses and market headwinds, balancing the positive aspects. No strong catalysts suggest a neutral stock price movement.
