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GooseHead Insurance Inc (GSHD)
NASDAQ:GSHD
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Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.41Last Year’s EPS
$0.28Same Quarter Last Year
Moderate Buy
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 23, 2024
|% Change Since: 10.58%
|Next Earnings Date:Feb 19, 2025
Earnings Call Sentiment|Positive
The earnings call conveyed a strong positive sentiment, highlighting significant achievements in growth, recruitment, and financial performance. There were challenges in the housing and homeowners market and a decline in contingent commissions, but these were outweighed by strategic successes and market expansions.Company Guidance
During the Goosehead Insurance third quarter earnings call for 2024, the company reported significant growth and strategic developments. Key metrics highlighted include reaching a milestone of $1 billion in premiums within a single quarter, a tenfold increase since their IPO in 2018. Corporate agent headcount increased from 276 in Q2 2023 to 458 by the end of Q3 2024, while franchise producers grew from 1,995 in Q2 to 2,093. The average number of agents per franchise rose from 1.6 to 1.9 year-over-year, and franchise productivity improved by 52%. Total written premiums grew 28% year-over-year to $1 billion, with franchise premiums up 33% and corporate premiums up 12%. For the full year 2024, guidance for total written premiums was raised to $3.7 billion to $3.82 billion, with total revenues expected between $295 million and $310 million. Adjusted EBITDA margins are projected to expand, reflecting the company's successful efforts in recruiting, technology investment, and operational discipline.Record-Breaking Premiums
Goosehead Insurance achieved $1 billion in premium within a single quarter for the first time in company history, marking a significant growth milestone since its IPO in April 2018.
Franchise and Corporate Agent Growth
Franchise producers grew from 1,995 in Q2 to 2,093, and corporate agent headcount increased from 276 in Q2 2023 to 458 at the end of Q3 2024, showing strong recruitment and expansion efforts.
Franchise Productivity Improvement
Franchise productivity improved 52% year-over-year due to increased referral partner activations and the conversion of top-performing corporate agents into franchise ownership.
Revenue and EBITDA Growth
Total revenues grew to $78 million, representing a 10% growth over the prior year, and adjusted EBITDA was up 17% to $26.1 million with a margin expansion of 193 basis points.
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GSHD 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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GSHD Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 23, 2024 | $96.03 | $108.13 | +12.60% |
| Jul 24, 2024 | $65.70 | $84.89 | +29.21% |
| Apr 24, 2024 | $60.20 | $53.16 | -11.69% |
| Feb 21, 2024 | $87.31 | $71.67 | -17.91% |
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 GooseHead Insurance Inc (GSHD) report earnings?
GooseHead Insurance Inc (GSHD) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
What is GooseHead Insurance Inc (GSHD) earnings time?
GooseHead Insurance Inc (GSHD) earnings time is at Feb 19, 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 GSHD EPS forecast?
GSHD EPS forecast for the fiscal quarter 2024 (Q4) is $0.41.
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