Porch Group (PRCH) Set to Announce Earnings on Tuesday

Porch Group (NASDAQ:PRCH) is scheduled to be announcing its earnings results after the market closes on Tuesday, August 6th. Analysts expect the company to announce earnings of ($0.58) per share for the quarter. Porch Group has set its FY 2024 guidance at EPS.Investors interested in registering for the company’s conference call can do so using this link.

Porch Group (NASDAQ:PRCH) last posted its earnings results on Wednesday, May 8th. The company reported ($0.21) EPS for the quarter, topping the consensus estimate of ($0.33) by $0.12. The business had revenue of $115.44 million during the quarter, compared to the consensus estimate of $102.60 million. 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 Stock Performance

PRCH stock traded down $0.06 during trading hours on Tuesday, hitting $1.97. The company’s stock had a trading volume of 249,820 shares, compared to its average volume of 1,399,207. The stock has a 50 day moving average price of $1.87 and a two-hundred day moving average price of $2.73. Porch Group has a 12 month low of $0.50 and a 12 month high of $4.78.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on PRCH. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $3.75 price objective on shares of Porch Group in a research note on Tuesday, July 2nd. Stephens reiterated an “overweight” rating and set a $6.00 target price on shares of Porch Group in a research note on Thursday, April 11th. Finally, Cantor Fitzgerald upped their target price on shares of Porch Group from $3.00 to $5.00 and gave the company an “overweight” rating in a research note on Wednesday, April 3rd.

Insider Activity at Porch Group

In other Porch Group news, CFO Shawn Tabak sold 15,000 shares of the business’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $2.02, for a total value of $30,300.00. Following the sale, the chief financial officer now owns 295,142 shares of the company’s stock, valued at approximately $596,186.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 23.46% of the company’s stock.

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.