Frontdoor (FTDR) came out with quarterly earnings of $1.38 per share, beating the Zacks Consensus Estimate of $1.03 per share. This compares to earnings of $0.94 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 33.98%. A quarter ago, it was expected that this home services provider would post earnings of $1 per share when it actually produced earnings of $1.27, delivering a surprise of 27%.Over the last four quarters, the compa ...

Exhibit 99.1 Frontdoor Announces Record Third-Quarter 2024 Results Revenue Increased 3% to $540 Million; Gross Profit Margin Increased 550 Basis Points to 57%; Net Income Increased 40% to $100 Million; Adjusted EBITDA(1)Increased 29% to $165 Million; Repurchased $119 Million of Shares Through August 2024; Launched New American Home Shield App in October; 2-10 Acquisition Remains on Track to Close in the Fourth Quarter of 2024 MEMPHIS, TENN. — November 4, 2024 — Frontdoor, Inc. (NASDAQ: FTDR), the nation's l ...

Frontdoor, Inc. (NASDAQ: FTDR ) is a good company with strong fundamentals. The most important ones include consistent long run profitability, including over the pandemic which was not good for the business. The cashflows allow management to finance growth projectsThe City Stock PickerAs a seasoned investor with a rich educational background in Business, Finance, and Accounting from a prestigious UK university, I bring a holistic and in-depth understanding of the financial markets. My journey in the investm ...

Group 1 - Analysts project Frontdoor (FTDR) will announce quarterly earnings of $1.03 per share, a 9.6% increase year over year [1] - Revenues are expected to reach $540.52 million, reflecting a 3.2% increase from the same quarter last year [1] - There have been no revisions in the consensus EPS estimate over the last 30 days, indicating stability in analysts' forecasts [1] Group 2 - Revenue by Customer Channel - Renewals is estimated to reach $424.51 million, a change of +4.6% year over year [4] - Revenue by Customer Channel - Other is projected at $32.80 million, suggesting a significant increase of +36.7% year over year [4] - Revenue by Customer Channel - Direct-to-consumer (First-Year) is forecasted to be $47.60 million, indicating a decrease of -11.9% from the prior-year quarter [4] Group 3 - Revenue by Customer Channel - Real estate (First-Year) is expected to be $34.08 million, reflecting a decline of -14.8% year over year [5] - The customer retention rate is anticipated to remain at 76.2%, consistent with the same quarter last year [5] - Frontdoor shares have increased by +5.6% in the past month, outperforming the Zacks S&P 500 composite's +1.8% [5]

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. While many investors like to look for momen ...

Have you been paying attention to shares of Frontdoor (FTDR) ? Shares have been on the move with the stock up 3.2% over the past month. The stock hit a new 52-week high of $49.36 in the previous session. Frontdoor has gained 38.5% since the start of the year compared to the 21.3% move for the Zacks Construction sector and the 18.3% return for the Zacks Building Products - Miscellaneous industry. What's Driving the Outperformance? The stock has an impressive record of positive earnings surprises, as it hasn' ...

Core Viewpoint - Frontdoor, Inc. (FTDR) has experienced a significant stock rally of 36.1% over the past three months, outperforming the broader market and its industry peers, driven by improved contract claims costs and customer retention [1][2]. Group 1: Stock Performance - FTDR's stock has outperformed the Zacks Building Products - Miscellaneous industry, which saw a 2% rise, and the Zacks Construction sector's 5.1% growth, as well as the S&P 500 index's 0.8% increase during the same period [1]. - The stock is currently trading above its 50-day and 200-day moving averages, indicating a bullish trend and positive market sentiment [2]. Group 2: Factors Driving Growth - Despite macroeconomic challenges, Frontdoor is focusing on long-term growth potential in the home warranty market and has modestly revised its outlook for member count [3]. - The American Home Shield (AHS) brand is actively promoting home warranties, with a successful marketing campaign launched in April and a 50% discount promotion in July 2024 that resulted in positive renewal rates [4][5]. - The company is expanding its on-demand business, particularly in HVAC services, with other revenues increasing by 46% year over year, driven by new HVAC sales [6][7]. Group 3: Strategic Acquisitions - In June, Frontdoor announced the acquisition of 2-10 Home Buyers Warranty, which is expected to enhance customer base, product diversification, and long-term growth [8]. Group 4: Financial Health - Frontdoor reported net cash from operations of $187 million for the six months ended June 30, 2024, up from $112 million a year ago, and improved its net debt to adjusted EBITDA ratio to 0.85x [9]. - The company has approved a new 3-year share repurchase plan worth $650 million, reflecting a 63% increase from the previous authorization [10]. Group 5: Market Outlook - Analysts have shown confidence in FTDR, with upward revisions in earnings estimates indicating a projected 21.3% year-over-year growth for 2024 [13]. - The company has raised its revenue outlook for 2024 to a growth range of 2-3%, with expected revenues between $1.81 billion and $1.84 billion [17].

Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. But finding a growth stock that can live up to its true potential can be a tough task. That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss. However, the Zacks Growth Style Score (part of ...

Shares of Frontdoor (FTDR) have been strong performers lately, with the stock up 31.8% over the past month. The stock hit a new 52-week high of $48.27 in the previous session. Frontdoor has gained 36.9% since the start of the year compared to the 16.7% move for the Zacks Construction sector and the 14.1% return for the Zacks Building Products - Miscellaneous industry. What's Driving the Outperformance? The stock has a great record of positive earnings surprises, as it hasn't missed our earnings consensus es ...

Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. But finding a growth stock that can live up to its true potential can be a tough task. That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss. However, it's pretty easy to find cutting-edge ...