Goosehead Insurance Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Goosehead Insurance (NASDAQ:GSHD) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$77.8m (up 10.0% from 3Q 2023).
• Net income: US$7.56m (up 9.0% from 3Q 2023).
• Profit margin: 9.7% (in line with 3Q 2023).
• EPS: US$0.31 (up from US$0.29 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Goosehead Insurance EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 2.6%. Earnings per share (EPS) exceeded analyst estimates by 6.2%.

Looking ahead, revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Insurance industry in the US.

Performance of the American Insurance industry.

The company's shares are up 11% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 1 warning sign for Goosehead Insurance you should know about.

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