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Goosehead (GSHD) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
GSHDGoosehead Insurance(GSHD) ZACKS·2024-07-25 00:06

Core Insights - Goosehead Insurance (GSHD) reported revenue of 78.09millionforthequarterendedJune2024,markingayear−over−yearincreaseof12.778.09 million for the quarter ended June 2024, marking a year-over-year increase of 12.7% and an EPS of 0.42 compared to 0.41ayearago[1]FinancialPerformance−ThereportedrevenueexceededtheZacksConsensusEstimateof0.41 a year ago [1] Financial Performance - The reported revenue exceeded the Zacks Consensus Estimate of 74.11 million, resulting in a surprise of +5.36% [4] - The company achieved an EPS surprise of +5.00%, with the consensus EPS estimate being 0.40[4]KeyMetrics−TotalCoreRevenuewas0.40 [4] Key Metrics - Total Core Revenue was 73.41 million, surpassing the average estimate of 69.48millionbasedonfouranalysts,representingayear−over−yearchangeof+20.369.48 million based on four analysts, representing a year-over-year change of +20.3% [6] - Cost Recovery Revenue from Initial Franchise Fees was 1.63 million, below the average estimate of 2.94million,reflectingayear−over−yeardeclineof−50.42.94 million, reflecting a year-over-year decline of -50.4% [6] - Total Ancillary Revenue reached 2.81 million, exceeding the average estimate of 1.49million,butshowingayear−over−yeardecreaseof−38.31.49 million, but showing a year-over-year decrease of -38.3% [6] - Core Revenue from New Business Royalty Fees was 7.17 million, above the average estimate of 6.56million,indicatingayear−over−yearincreaseof+14.46.56 million, indicating a year-over-year increase of +14.4% [6] - Core Revenue from Agency Fees was 2.14 million, below the estimated 2.53million,representingayear−over−yeardeclineof−11.12.53 million, representing a year-over-year decline of -11.1% [6] - Ancillary Revenue from Contingent Commissions was 2.21 million, exceeding the average estimate of 1.14million,butshowingayear−over−yeardecreaseof−44.41.14 million, but showing a year-over-year decrease of -44.4% [6] - Core Revenue from Renewal Commissions was 20.59 million, slightly above the average estimate of 20.03million,reflectingayear−over−yearincreaseof+11.120.03 million, reflecting a year-over-year increase of +11.1% [6] - Total Cost Recovery Revenue was 1.88 million, below the average estimate of 3.29million,indicatingayear−over−yeardeclineof−49.43.29 million, indicating a year-over-year decline of -49.4% [6] - Core Revenue from New Business Commissions was 6.68 million, slightly below the average estimate of 6.69million,showingayear−over−yearincreaseof+6.86.69 million, showing a year-over-year increase of +6.8% [6] - Core Revenue from Renewal Royalty Fees was 36.83 million, exceeding the average estimate of 33.37million,representingayear−over−yearincreaseof+33.733.37 million, representing a year-over-year increase of +33.7% [6] - Cost Recovery Revenue from Interest Income was 0.24 million, below the average estimate of $0.27 million, reflecting a year-over-year decline of -41.5% [6] Stock Performance - Goosehead shares have returned +21.9% over the past month, significantly outperforming the Zacks S&P 500 composite's +1.8% change [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]