Porch Group (PRCH) Set to Announce Quarterly Earnings on Thursday

Porch Group (NASDAQ:PRCH - Get Free Report) is scheduled to release its earnings data after the market closes on Thursday, November 7th. Analysts expect Porch Group to post earnings of ($0.01) per share for the quarter. Porch Group has set its FY 2024 guidance at EPS.Individual that wish to register for the company's earnings conference call can do so using this link.

Porch Group (NASDAQ:PRCH - Get Free Report) 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 company had revenue of $110.84 million for the quarter, compared to analysts' expectations of $117.91 million. During the same period in the previous year, the company earned ($0.73) EPS. 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 Trading Down 9.6 %

NASDAQ PRCH traded down $0.23 during trading on Thursday, hitting $2.17. 1,294,098 shares of the company traded hands, compared to its average volume of 1,372,293. The company has a market capitalization of $257.74 million, a P/E ratio of -2.51 and a beta of 2.04. The business has a fifty day simple moving average of $1.46 and a 200 day simple moving average of $1.92. Porch Group has a 12 month low of $0.54 and a 12 month high of $4.78.

Insider Activity

In related news, CFO Shawn Tabak sold 15,000 shares of the firm's stock in a transaction that occurred on Monday, October 28th. The stock was 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 in the company, valued at $556,596. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 23.46% of the company's stock.

Analyst Ratings Changes

PRCH has been the subject of several recent analyst reports. Benchmark reaffirmed a "buy" rating and set a $7.00 price objective on shares of Porch Group in a report on Tuesday. Keefe, Bruyette & Woods cut their price objective on shares of Porch Group from $3.75 to $1.50 and set a "market perform" rating for the company in a research report on Thursday, August 8th. Northland Securities decreased their target price on Porch Group from $5.00 to $3.25 and set an "outperform" rating on the stock in a research report on Wednesday, August 7th. Cantor Fitzgerald upgraded Porch Group to a "strong-buy" rating in a research note on Tuesday, August 13th. Finally, Craig Hallum lifted their price objective on Porch Group from $3.00 to $4.00 and gave the stock a "buy" rating in a report on Tuesday. One analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Buy" and an average target price 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.