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Porch Group (DE:32RD)
FRANKFURT:32RD
Earnings Data
Report Date
May 07, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.11Last Year’s EPS
-0.13Same Quarter Last Year
Strong Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 25, 2025
|% Change Since: 76.14%
|Next Earnings Date:May 07, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted significant achievements, including profitability and strong future guidance, supported by strategic transitions and advancements in their business model. However, there were some challenges, particularly in revenue decline and gross written premium. Overall, the sentiment is optimistic with a strong outlook for 2025.Company Guidance
During Porch Group's fourth quarter 2024 earnings call, significant progress towards profitability and growth goals was reported, with the company achieving $7 million in adjusted EBITDA for the full year 2024, surpassing guidance with a record $42 million in adjusted EBITDA for Q4 alone. The call outlined 2025 guidance with an adjusted EBITDA target of $60 million at the midpoint, a 15% margin, and revenue guidance of $400 million. The company anticipates 80% gross margins in 2025, following a transition to a commission and fee-based model with the Porch Insurance Reciprocal Exchange (PIRE). Importantly, Porch Group reaffirmed its 2026 adjusted EBITDA target of $100 million, highlighting its focus on expanding insurance premiums, innovating vertical software, and growing its data business.Achievement of Adjusted EBITDA Profitability
Porch Group achieved its goal of adjusted EBITDA profitability for the full year 2024, delivering $7 million. The fourth quarter adjusted EBITDA was a record $42 million.
Strong Future Guidance
Porch Group provided adjusted EBITDA guidance of $60 million at the midpoint for 2025, with a 15% margin, marking an over $50 million increase compared to 2024. Revenue guidance for 2025 is set at $400 million.
High Gross Margin Outlook
The company is transitioning to a higher-margin commission and fee-based model with an expected 80% gross margin in 2025.
Formation of Porch Insurance Reciprocal Exchange (PIRE)
The formation of PIRE and the sale of Homeowners of America Insurance Carrier into PIRE were completed, transforming Porch's financial results to be more predictable and higher margin.
Insurance Segment Performance
Porch's insurance segment showed strong 29% organic growth trends, driven by increases in premium per policy.
Vertical Software Revenue Growth
Vertical software segment revenue increased by 6% from the prior year, driven by SaaS price increases.
Advancements in Data and Software
The company launched new AI-powered products and advanced reporting capabilities, enhancing customer retention and satisfaction.
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DE:32RD Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DE:32RD Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 25, 2025 | €3.52 | €4.18 | +18.75% |
| Nov 07, 2024 | €2.12 | €2.42 | +14.15% |
| Aug 06, 2024 | €1.53 | €1.40 | -8.50% |
| May 08, 2024 | €2.90 | €2.68 | -7.59% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Porch Group (DE:32RD) report earnings?
Porch Group (DE:32RD) is schdueled to report earning on May 07, 2025, TBA Not Confirmed.
What is Porch Group (DE:32RD) earnings time?
Porch Group (DE:32RD) earnings time is at May 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Porch Group stock?
The P/E ratio of Porch Group is N/A.
What is DE:32RD EPS forecast?
DE:32RD EPS forecast for the fiscal quarter 2025 (Q1) is -0.11.
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