Financial Performance - Total revenue increased by 11% year-over-year to $64.5 million for Q1 2024, up from $58.0 million in Q1 2023[96] - Core Revenue rose by 13% to $58.8 million in Q1 2024, compared to $51.9 million in Q1 2023[96] - Net income for Q1 2024 was $1.8 million, a significant increase from a net loss of $0.2 million in Q1 2023[96] - Adjusted EBITDA grew by 15% to $11.7 million, representing 18% of total revenues in Q1 2024[96] - Basic earnings per share (GAAP) for Q1 2024 was $0.07, while Adjusted EPS (non-GAAP) increased to $0.28 from $0.17 in Q1 2023[147] Premiums and Revenue Streams - Total Written Premiums increased by 28% to $818.8 million in Q1 2024, up from $638 million in Q1 2023[96] - Renewal Royalty Fees surged by 28% to $29.1 million in Q1 2024, driven by an increase in policies in the renewal term and rising premium rates[113] - New Business Royalty Fees rose by 10% to $6.2 million in Q1 2024, attributed to increased agent productivity and premium rates[114] - Total Written Premium increased by 28% to $818.8 million for the three months ended March 31, 2024, compared to $637.7 million for the same period in 2023, with corporate sales up 15% and franchise sales up 32%[125] - Core Revenue increased by $6.9 million, or 13%, to $58.8 million for the three months ended March 31, 2024, from $52.0 million for the same period in 2023[136] - New Business Revenue grew 3% to $13.8 million for the three months ended March 31, 2024, from $13.4 million for the same period in 2023[132] - Renewal Revenue increased by 17% to $45.0 million for the three months ended March 31, 2024, from $38.6 million for the same period in 2023[133] Operational Metrics - Policies in Force increased by 13% to 1,528,000 as of March 31, 2024, compared to the previous year[96] - Policies in Force remained stable at 1.5 million as of March 31, 2024, representing a 3% increase from December 31, 2023, and a 13% increase from March 31, 2023[127] - Client Retention decreased to 85% at March 31, 2024, compared to 88% at March 31, 2023[131] - Corporate sales headcount increased by 6% to 292 as of March 31, 2024, indicating growth in the sales force[96] - Total franchises decreased by 35% to 1,210, with operating franchises down 17% to 1,155 as of March 31, 2024[96] Cash Flow and Liquidity - Net cash provided by operating activities was $11.9 million for Q1 2024, a significant increase of $12.5 million compared to a net cash used of $0.6 million in Q1 2023[151] - Cash and cash equivalents at the end of Q1 2024 were $53.1 million, up from $26.2 million at the end of Q1 2023, reflecting a net increase of $26.9 million[151] - Net cash used for investing activities was $2.9 million in Q1 2024, slightly higher than $2.7 million in Q1 2023, primarily due to increased capitalized software development costs[153] - Net cash provided by financing activities was $0.1 million in Q1 2024, compared to a net cash used of $0.9 million in Q1 2023, driven by increased cash proceeds from the issuance of Class A common stock[154] - The company expects its liquidity sources, including cash on hand and cash flows from operations, to be sufficient to meet working capital requirements in the foreseeable future[155] Tax and Obligations - Tax benefit increased by $1.8 million to $1.8 million for the three months ended March 31, 2024, from $0.1 million for the same period in 2023[122] - Interest expenses decreased by $0.2 million to $1.5 million for the three months ended March 31, 2024, from $1.7 million for the same period in 2023[121] - Total contractual obligations as of March 31, 2024, amounted to $319.1 million, including $72.8 million in operating leases and $75.6 million in debt obligations[161] - The tax receivable agreement obligates the company to pay 85% of cash savings realized from tax benefits related to increases in tax basis[158] Shareholder Actions - The company approved a share repurchase program on April 24, 2024, authorizing the purchase of up to $100 million of Class A common stock through March 31, 2025[163]

For the quarter ended March 2024, Goosehead Insurance (GSHD) reported revenue of $64.46 million, up 11.2% over the same period last year. EPS came in at $0.28, compared to $0.17 in the year-ago quarter.The reported revenue represents a surprise of -2.68% over the Zacks Consensus Estimate of $66.24 million. With the consensus EPS estimate being $0.22, the EPS surprise was +27.27%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to deter ...

GOOSEHEAD INSURANCE, INC. ANNOUNCES FIRST QUARTER 2024 RESULTS – Total Revenue Increased 11% and Core Revenue Grew 13% over the Prior-Year Period – – Total Written Premium increased 28% to $819 million over the Prior-Year Period – – Net Income of $1.8 million versus Net Loss of $0.2 million a year ago – – Adjusted EBITDA* of $11.7 million versus $10.2 million in the Prior-Year Period – – Company Announces a $100 million Share Repurchase Authorization through March 2025 – WESTLAKE, TEXAS – April 24, 2024 - G ...

–  Total Revenue Increased 11% and Core Revenue Grew 13% over the Prior-Year Period  ––  Total Written Premium increased 28% to $819 million over the Prior-Year Period  ––  Net Income of $1.8 million versus Net Loss of $0.2 million a year ago  ––  Adjusted EBITDA* of $11.7 million versus $10.2 million in the Prior-Year Period  ––  Company Announces a $100 million Share Repurchase Authorization through March 2025  – WESTLAKE, Texas, April 24, 2024 (GLOBE NEWSWIRE) -- Goosehead Insurance, Inc. ("Goosehead" or ...

Investors interested in stocks from the Insurance - Multi line sector have probably already heard of M?nchener R?ckversicherungs-Gesellschaft (MURGY) and Goosehead Insurance (GSHD) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The Zacks Rank favors stocks with strong earn ...

WESTLAKE, Texas, April 17, 2024 (GLOBE NEWSWIRE) -- Goosehead Insurance, Inc. ("Goosehead" or the "Company") (NASDAQ:GSHD), announced today that it will report its first quarter 2024 results after the market close on Wednesday, April 24, 2024. The company will hold a conference call to discuss results at 4:30 PM ET on April 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 will ...

WESTLAKE, Texas, April 17, 2024 (GLOBE NEWSWIRE) -- Goosehead Insurance, Inc. (“Goosehead” or the “Company”) (NASDAQ: GSHD), announced today that it will report its first quarter 2024 results after the market close on Wednesday, April 24, 2024. The company will hold a conference call to discuss results at 4:30 PM ET on April 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 will ...

Goosehead Insurance (GSHD) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, t ...

Investors in Goosehead Insurance, Inc. (GSHD) need to pay close attention to the stock based on moves in the options market lately. That is because the Jun 21, 2024 $45 Call had some of the highest implied volatility of all equity options today.What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It coul ...

Investors interested in Insurance - Multi line stocks are likely familiar with M?nchener R?ckversicherungs-Gesellschaft (MURGY) and Goosehead Insurance (GSHD) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The Zacks Rank is a ...