Porch Group (PRCH) Scheduled to Post Earnings on Wednesday

Porch Group (NASDAQ:PRCH) is set to announce its earnings results after the market closes on Wednesday, May 8th. Analysts expect Porch Group to post earnings of ($0.33) per share for the quarter. Porch Group has set its FY 2024 guidance at EPS.Investors that wish to register for the company’s conference call can do so using this link.

Porch Group (NASDAQ:PRCH) last issued its quarterly earnings results on Thursday, March 7th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.13. The firm had revenue of $114.61 million for the quarter, compared to analyst estimates of $99.60 million. Porch Group had a negative return on equity of 1,182.09% and a negative net margin of 31.12%. During the same period last year, the company earned ($0.32) 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 Up 3.6 %

Shares of PRCH stock opened at $3.44 on Monday. The firm’s 50-day simple moving average is $3.64 and its 200-day simple moving average is $2.61. Porch Group has a 1-year low of $0.50 and a 1-year high of $4.78.

Insider Activity

In other Porch Group news, CFO Shawn Tabak sold 25,678 shares of the business’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $4.00, for a total transaction of $102,712.00. Following the transaction, the chief financial officer now owns 311,351 shares in the company, valued at $1,245,404. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 23.46% of the company’s stock.

Analyst Ratings Changes

PRCH has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods increased their price target on shares of Porch Group from $3.50 to $3.75 and gave the stock a “market perform” rating in a research note on Friday, March 22nd. Cantor Fitzgerald lifted their target price on Porch Group from $3.00 to $5.00 and gave the company an “overweight” rating in a report on Wednesday, April 3rd. Finally, Stephens restated an “overweight” rating and set a $6.00 price target on shares of Porch Group in a research note on Thursday, April 11th.

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.