Goosehead Insurance (GSHD) Tops Q1 Earnings Estimates

Core Viewpoint - Goosehead Insurance (GSHD) reported quarterly earnings of $0.26 per share, exceeding the Zacks Consensus Estimate of $0.23 per share, but down from $0.28 per share a year ago, indicating a 7.14% year-over-year decline in earnings [1][2] Group 1: Earnings Performance - The quarterly earnings surprise was 13.04%, and the company had a significant surprise of 92.68% in the previous quarter when it reported earnings of $0.79 against an expectation of $0.41 [1][2] - Over the last four quarters, Goosehead has surpassed consensus EPS estimates four times [2] Group 2: Revenue Analysis - Goosehead posted revenues of $75.58 million for the quarter, missing the Zacks Consensus Estimate by 3.41%, but up from $64.46 million year-over-year, reflecting a 17.5% increase [2] - The company has topped consensus revenue estimates two times over the last four quarters [2] Group 3: Stock Performance and Outlook - Goosehead shares have declined approximately 3.7% since the beginning of the year, while the S&P 500 has decreased by 10.1% [3] - The company's future stock performance will largely depend on management's commentary during the earnings call and the sustainability of earnings expectations [3][4] Group 4: Earnings Estimates and Industry Outlook - The current consensus EPS estimate for the upcoming quarter is $0.54 on revenues of $95.43 million, and for the current fiscal year, it is $1.87 on revenues of $366.77 million [7] - The Zacks Industry Rank for Insurance - Multi line is in the top 17% of over 250 Zacks industries, indicating a favorable outlook for the sector [8]