Goosehead Insurance (GSHD) came out with quarterly earnings of $0.79 per share, beating the Zacks Consensus Estimate of $0.41 per share. This compares to earnings of $0.28 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 92.68%. A quarter ago, it was expected that this insurance company would post earnings of $0.46 per share when it actually produced earnings of $0.50, delivering a surprise of 8.70%.Over the last four quarters, ...

Revenue Growth - Total revenue for 2024 increased by 20% to $314.5 million, with core revenue growing 17% to $273.7 million[1] - Total written premiums in 2024 rose by 29% to $3.8 billion, indicating strong market demand[1] - Fourth quarter total revenues reached $93.9 million, a 49% increase year-over-year, while core revenues increased by 19% to $68.0 million[3] - Total revenues for 2025 are projected to be between $350 million and $385 million, indicating an organic growth of 11% to 22%[15] - Total revenues for the three months ended December 31, 2024, were $93,922,000, a 49% increase from $63,014,000 in the same period of 2023[20] - Core revenue for the twelve months ended December 31, 2024, reached $273,737,000, up 17.5% from $233,007,000 in 2023[20] Profitability - Net income for the fourth quarter was $23.8 million, up from $5.4 million a year ago, with an EPS of $0.60, reflecting a 300% increase[3] - Net Income for Q4 2024 was $23,822,000, a significant increase from $5,423,000 in Q4 2023, resulting in a Net Income Margin of 25% compared to 9% in the previous year[29] - Net income for the twelve months ended December 31, 2024, was $49,113,000, a 106% increase from $23,696,000 in 2023[20] - Basic Earnings per Share (EPS) for Q4 2024 was $0.60, compared to $0.15 in Q4 2023, leading to an Adjusted EPS of $0.79, up from $0.28[30] EBITDA Performance - Adjusted EBITDA for the fourth quarter was $37.4 million, a 164% increase from $14.1 million in the prior-year period, with an adjusted EBITDA margin of 40%[3] - Adjusted EBITDA for the three months ended December 31, 2024, was $37,378,000, compared to $14,148,000 in 2023, reflecting a significant increase[20] - The adjusted EBITDA margin improved to 40% for the three months ended December 31, 2024, compared to 22% in the same period of 2023[20] - Adjusted EBITDA for Q4 2024 reached $37,378,000, up from $14,148,000 in Q4 2023, with an Adjusted EBITDA Margin of 40% versus 22% in the prior year[29] Client Metrics - Policies in force grew by 13% year-over-year to approximately 1,674,000, demonstrating effective client retention strategies[4] - Policies in Force rose to 1,674,000 in December 2024, compared to 1,486,000 in December 2023, reflecting an increase in customer base[32] - Client Retention rate decreased to 84% in December 2024 from 86% in December 2023, while Premium Retention remained high at 98%[32] Liquidity and Financial Position - The company had cash and cash equivalents of $58.0 million and an unused line of credit of $74.8 million as of December 31, 2024, indicating strong liquidity[9] - Cash and cash equivalents increased to $54,280,000 as of December 31, 2024, from $41,956,000 in 2023[22] - Total assets grew to $397,653,000 as of December 31, 2024, compared to $354,892,000 in 2023[22] - Total liabilities increased to $358,580,000 as of December 31, 2024, from $338,106,000 in 2023[22] Franchise and Sales Growth - Total Franchise Producers increased to 2,092 in December 2024 from 1,957 in December 2023, indicating growth in the franchise network[32] - Corporate sales agents with less than one year of tenure increased to 253 in December 2024 from 135 in December 2023, indicating a growing sales force[32] - QTD Franchise Productivity for agents with less than one year of tenure improved to $17,861 compared to $10,975 in the previous year, reflecting enhanced productivity[32] Future Outlook - The company expects total written premiums for 2025 to be between $4.65 billion and $4.88 billion, representing 22% to 28% organic growth[15] - Goosehead plans to continue investing in technology and personnel to enhance its competitive position in the personal lines insurance market[4] Revenue Streams - Renewal royalty fees for the twelve months ended December 31, 2024, were $138,942,000, up from $107,524,000 in 2023, indicating strong growth in this revenue stream[20] - The company reported contingent commissions of $24,018,000 for the three months ended December 31, 2024, compared to $3,045,000 in 2023[20] Customer Satisfaction - The Net Promoter Score (NPS) decreased to 89 in December 2024 from 92 in December 2023, suggesting a slight decline in customer satisfaction[32]

– Total Revenue Increased 20% for the year to $314.5 million –– Core Revenue Grew 17% for the year to $273.7 million –– Total Written Premium in 2024 Increased 29% to $3.8 billion –– 2024 Net Income of $49.1 million versus $23.7 million in 2023 –– Adjusted EBITDA in 2024 up 43% to $99.9 million – WESTLAKE, Texas, Feb. 24, 2025 (GLOBE NEWSWIRE) -- Goosehead Insurance, Inc. (“Goosehead” or the “Company”) (NASDAQ: GSHD), a rapidly growing independent personal lines insurance agency, today announced results for ...

WESTLAKE, Texas, Feb. 18, 2025 (GLOBE NEWSWIRE) -- Goosehead Insurance, Inc. (“Goosehead” or the “Company”) (NASDAQ: GSHD), announced today that it will report its fourth quarter 2024 results after the market close on Monday, February 24, 2024. The company will hold a conference call to discuss results at 4:30 PM ET on February 24th. To access the call by phone, participants should go to this link (registration link), and you will be provided with the dial in details. A live webcast of the conference call w ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Goosehead Insurance (GSHD) reports results for the quarter ended December 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, ...

Core Viewpoint - Purcell & Lefkowitz LLP is investigating Goosehead Insurance, Inc. to determine if its directors breached fiduciary duties related to recent corporate actions [1]. Group 1 - The investigation is on behalf of Goosehead Insurance's shareholders [1]. - The law firm specializes in representing shareholders affected by securities fraud and breaches of fiduciary duty [3]. - Shareholders seeking more information can contact the firm directly [2].

WESTLAKE, Texas, Jan. 10, 2025 (GLOBE NEWSWIRE) -- Goosehead Insurance, Inc. (“Goosehead” or the “Company”) (NASDAQ: GSHD), a rapidly growing independent personal lines insurance agency, today announced that its subsidiary, Goosehead Insurance Holdings, LLC, has closed on a $300 million term loan B and $75 million revolving credit facility. The term loan facility will bear interest at a rate of SOFR plus 3.50%. Proceeds from the new term loan agreement will be used to retire the Company’s existing $93 milli ...

Core Insights - Axa Sa (AXAHY) is currently viewed as a more attractive investment compared to Goosehead Insurance (GSHD) for value investors seeking undervalued stocks [1][3]. Valuation Metrics - AXAHY has a forward P/E ratio of 9.67, significantly lower than GSHD's forward P/E of 66.93, indicating that AXAHY is undervalued relative to GSHD [5]. - The PEG ratio for AXAHY is 1.13, while GSHD's PEG ratio is 2.17, suggesting that AXAHY offers better value when considering expected earnings growth [5]. - AXAHY's P/B ratio stands at 1.50, in stark contrast to GSHD's P/B ratio of 1,777.50, further highlighting AXAHY's superior valuation metrics [6]. Earnings Outlook - AXAHY holds a Zacks Rank of 1 (Strong Buy), indicating a positive earnings outlook, while GSHD has a Zacks Rank of 3 (Hold), suggesting a less favorable earnings estimate revision [3]. - The positive earnings estimate revisions for AXAHY contribute to its stronger valuation profile compared to GSHD [3]. Value Grades - AXAHY has a Value grade of B, while GSHD has a Value grade of F, reinforcing the conclusion that AXAHY is the superior value option at this time [6].

Revenue Growth - Total revenue increased by 10% to $78.0 million for Q3 2024, compared to $71.0 million in Q3 2023[74] - Core Revenue rose by 16% to $73.5 million in Q3 2024, up from $63.1 million in Q3 2023[74] - Total Written Premiums increased by 28% to $1.03 billion in Q3 2024, compared to $0.80 billion in Q3 2023[74] - New Business Revenue grew 8% to $15.2 million for the three months ended September 30, 2024, and grew 6% to $45.0 million for the nine months ended September 30, 2024[105] - Renewal Revenue increased by 19% to $58.3 million for the three months ended September 30, 2024, and by 20% to $160.7 million for the nine months ended September 30, 2024[106] - Core Revenue increased by 16% to $73.5 million for the three months ended September 30, 2024, and by 17% to $205.8 million for the nine months ended September 30, 2024[108] Profitability - Net income for Q3 2024 was $12.6 million, a 16% increase from $11.3 million in Q3 2023[74] - Adjusted EBITDA grew by 17% to $26.1 million in Q3 2024, representing 34% of total revenues[74] - Net income for the three months ended September 30, 2024, was $12.6 million, an increase of 11.8% from $11.3 million in the same period of 2023[117] - Adjusted EBITDA for the three months ended September 30, 2024, was $26.1 million, representing a margin of 34%, compared to $22.4 million and a margin of 32% in the same period of 2023[117] - Basic earnings per share (GAAP) for the three months ended September 30, 2024, was $0.31, up from $0.29 in the same period of 2023[118] - The adjusted EPS (non-GAAP) for the three months ended September 30, 2024, was $0.50, compared to $0.46 in the same period of 2023[118] Expenses - Total operating expenses increased to $61.6 million in Q3 2024, up from $57.4 million in Q3 2023[82] - Employee compensation and benefits expenses increased by $3.8 million, or 10%, to $43.2 million for the three months ended September 30, 2024, compared to $39.4 million for the same period in 2023[91] - General and administrative expenses increased by $0.4 million, or 2%, to $15.2 million for the three months ended September 30, 2024, from $14.8 million in the prior year[92] - Interest income decreased by $0.1 million, or 28%, to $0.2 million for the three months ended September 30, 2024, from $0.3 million for the same period in 2023[90] - Tax expense increased by $1.6 million for the three months ended September 30, 2024, to $2.3 million from $0.7 million for the same period in 2023[97] - Bad debts decreased by $0.2 million, or 29%, to $0.6 million for the three months ended September 30, 2024, from $0.8 million for the same period in 2023[93] Policies and Sales - Policies in Force increased by 12% to 1,636,000 as of September 30, 2024, compared to the previous year[74] - Corporate sales headcount rose by 45% to 458 as of September 30, 2024[74] - Total franchises decreased by 27% to 1,149 compared to the prior-year period[74] - Renewal Commissions accounted for 26% of Core Revenue in Q3 2024, totaling $20.2 million[80] - Renewal Commissions increased by $1.2 million, or 6%, to $20.2 million for the three months ended September 30, 2024, compared to $19.0 million for the same period in 2023[86] - New Business Commissions rose by $0.1 million, or 2%, to $6.2 million for the three months ended September 30, 2024, from $6.1 million in the prior year[86] Cash Flow and Liquidity - Net cash provided by operating activities for the nine months ended September 30, 2024, was $59.0 million, an increase of 58.0% from $37.4 million in the same period of 2023[123] - Cash and cash equivalents at the end of the period on September 30, 2024, were $50.1 million, up from $37.1 million at the end of September 30, 2023[122] - Net cash used for financing activities was $43.7 million for the nine months ended September 30, 2024, compared to $16.1 million in the same period of 2023, primarily due to stock repurchases[125] - Net cash used for investing activities decreased to $9.3 million for the nine months ended September 30, 2024, from $14.6 million in the same period of 2023, driven by reduced purchases of books of business[124] - The company expects its liquidity sources, including cash on hand and cash flows from operations, to be sufficient to meet its working capital requirements in the foreseeable future[126] Debt and Obligations - Total contractual obligations as of September 30, 2024, amount to $334,032,000, with $32,833,000 due within one year[131] - Debt obligations payable total $95,594,000, with $10,063,000 due within one year[131] - Interest expense for the period is $11,051,000, with $6,391,000 due within one year[131] - Liabilities under the tax receivable agreement total $160,697,000, with $4,948,000 due within one year[131] - The company has a share repurchase program authorized for up to $100 million of Class A common stock through March 31, 2025[132] Other Financial Metrics - Adjusted EBITDA increased by 17% to $26.1 million for the three months ended September 30, 2024, and by 12% to $62.5 million for the nine months ended September 30, 2024[112] - Adjusted EBITDA Margin was 34% for the three months ended September 30, 2024, compared to 32% for the same period in 2023[113] - Cost Recovery Revenue decreased by 40% to $1.6 million for the three months ended September 30, 2024, and by 39% to $6.0 million for the nine months ended September 30, 2024[110] - Ancillary Revenue decreased to $2.9 million for the three months ended September 30, 2024, down from $5.2 million for the same period in 2023[111] Client Metrics - The Net Promoter Score (NPS) decreased to 90 as of September 30, 2024, down from 92 as of September 30, 2023[103] - Client Retention decreased to 84% at September 30, 2024, compared to 86% at December 31, 2023, and 87% at September 30, 2023[104] Miscellaneous - The company amended its credit facilities on April 24, 2024, increasing term loan borrowings and revolving credit facility by $25 million each[131] - There have been no significant changes to critical accounting policies since the last annual report[134] - The company does not engage in off-balance sheet arrangements that expose it to additional liabilities[133] - There have been no material changes to market risk exposure as described in the previous annual report[136]

For the quarter ended September 2024, Goosehead Insurance (GSHD) reported revenue of $78.04 million, up 9.9% over the same period last year. EPS came in at $0.50, compared to $0.46 in the year-ago quarter.The reported revenue represents a surprise of -2.85% over the Zacks Consensus Estimate of $80.33 million. With the consensus EPS estimate being $0.46, the EPS surprise was +8.70%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall ...