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Porch Group, Inc. (PRCH) Q4 Earnings Top Estimates
PRCHPorch(PRCH) ZACKS·2025-02-26 01:01

Core Viewpoint - Porch Group, Inc. reported quarterly earnings of 0.15pershare,significantlyexceedingtheZacksConsensusEstimateof0.15 per share, significantly exceeding the Zacks Consensus Estimate of 0.06 per share, marking a 150% earnings surprise compared to a loss of 0.06pershareayearago[1]FinancialPerformance−Thecompanypostedrevenuesof0.06 per share a year ago [1] Financial Performance - The company posted revenues of 100.36 million for the quarter ended December 2024, which was 8.95% below the Zacks Consensus Estimate and a decrease from 114.61millioninthesamequarterlastyear[2]−Overthelastfourquarters,PorchGrouphassurpassedconsensusEPSestimatestwotimesandtoppedrevenueestimatesonlyonce[2]StockPerformance−PorchGroupshareshavedeclinedapproximately20.1114.61 million in the same quarter last year [2] - Over the last four quarters, Porch Group has surpassed consensus EPS estimates two times and topped revenue estimates only once [2] Stock Performance - Porch Group shares have declined approximately 20.1% since the beginning of the year, contrasting with the S&P 500's gain of 1.7% [3] Future Outlook - The company's earnings outlook will be crucial for determining the stock's immediate price movement, with current consensus EPS estimates at -0.19 for the coming quarter and -$0.38 for the current fiscal year [4][7] - The estimate revisions trend for Porch Group is currently favorable, resulting in a Zacks Rank 2 (Buy), indicating expected outperformance in the near future [6] Industry Context - The Internet - Software industry, to which Porch Group belongs, is currently ranked in the top 28% of over 250 Zacks industries, suggesting a positive outlook for stocks within this sector [8]