Goosehead Insurance Inc reports results for the quarter ended in March - Earnings Summary

• Goosehead Insurance Inc GSHD reported quarterly adjusted earnings of 28 cents​​ per share for the quarter ended in March, higher than the same quarter last year, when the company reported EPS of 17 cents. The mean expectation of eleven analysts for the quarter was for earnings of 21 cents per share. Wall Street expected results to range from 17 cents to 25 cents per share.

• Revenue rose 11.2% to $64.46 million from a year ago; analysts expected $65.30 million.

• Goosehead Insurance Inc's reported EPS for the quarter was 5 cents​.

• The company reported quarterly net income of $1.81 million.

• Goosehead Insurance Inc shares had fallen by 9.9% this quarter and lost 20.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 28.3% in the last three months.​

• In the last 30 days, nine analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy," 3 "hold" and 1 "sell" or "strong sell."

• The average consensus recommendation for the multiline insurance & brokers peer group is also "buy"

Wall Street's median 12-month price target for Goosehead Insurance Inc is $90.00

This summary was machine generated from LSEG data April 24 at 09:40 p.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)