Goosehead (GSHD) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
Goosehead Insurance (GSHD) reported $71.03 million in revenue for the quarter ended September 2023, representing a year-over-year increase of 23.1%. EPS of $0.46 for the same period compares to $0.24 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $69.49 million, representing a surprise of +2.22%. The company delivered an EPS surprise of +48.39%, with the consensus EPS estimate being $0.31.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Goosehead performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Core Revenue- Renewal Commissions: $19.04 million versus the three-analyst average estimate of $20.49 million.
Core Revenue- Renewal Royalty Fees: $30.04 million versus $28.67 million estimated by three analysts on average.
Core Revenue- New Business Commissions: $6.13 million versus $5.89 million estimated by three analysts on average.
Core Revenue- New Business Royalty Fees: $5.91 million versus the three-analyst average estimate of $5.88 million.
Core Revenue- Agency Fees: $2.01 million compared to the $2.68 million average estimate based on three analysts.
Total Ancillary Revenue: $5.16 million compared to the $2.79 million average estimate based on three analysts.
Cost Recovery Revenue- Initial Franchise Fees: $2.43 million compared to the $2.52 million average estimate based on three analysts.
Cost Recovery Revenue- Interest Income: $0.32 million versus the three-analyst average estimate of $0.34 million.
Total Cost Recovery Revenue: $2.75 million versus $2.86 million estimated by three analysts on average.
Ancillary Revenue- Contingent Commissions: $4.81 million versus $2.36 million estimated by three analysts on average.
Ancillary Revenue- Other Franchise Revenues: $0.35 million versus the three-analyst average estimate of $0.43 million.
Total Core Revenue: $63.12 million compared to the $63.60 million average estimate based on three analysts.
View all Key Company Metrics for Goosehead here>>>
Shares of Goosehead have returned -6.2% over the past month versus the Zacks S&P 500 composite's -1.6% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Goosehead Insurance (GSHD) : Free Stock Analysis Report
