Porch Group, Inc. reports results for the quarter ended September 30 - Earnings Summary

• Porch Group, Inc. reported quarterly adjusted earnings of 10 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of -10 cents. The mean expectation of eight analysts for the quarter was for breakeven results per share. Wall Street expected results to range from -7 cents to 3 cents per share.

• Revenue rose 19.2% to $140.79 million from a year ago; analysts expected $134.78 million.

• Porch Group, Inc.'s reported EPS for the quarter was 10 cents​.

• The company reported quarterly net income of $12.19 million.

• Porch Group, Inc. shares had risen by 6.0% this quarter and gained 93.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 143.8% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the software peer group is also "buy"

• Wall Street's median 12-month price target for Porch Group, Inc. is $22.00, about 19.7% above its last closing price of $17.66

This summary was machine generated from LSEG data October 28 at 09:01 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)