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Compared to Estimates, Goosehead (GSHD) Q1 Earnings: A Look at Key Metrics
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Goosehead Insurance (GSHD - Free Report) reported $57.96 million in revenue for the quarter ended March 2023, representing a year-over-year increase of 40.4%. EPS of $0.17 for the same period compares to $0.04 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $55.6 million, representing a surprise of +4.24%. The company delivered an EPS surprise of +325.00%, with the consensus EPS estimate being $0.04.
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.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
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: $15.82 million versus $15.18 million estimated by three analysts on average.
Core Revenue- Renewal Royalty Fees: $22.75 million versus $22.44 million estimated by three analysts on average.
Core Revenue- New Business Commissions: $5.52 million versus $5.22 million estimated by three analysts on average.
Core Revenue- New Business Royalty Fees: $5.67 million versus $5.66 million estimated by three analysts on average.
Core Revenue- Agency Fees: $2.23 million versus $2.72 million estimated by three analysts on average.
Total Ancillary Revenue: $2.51 million versus the three-analyst average estimate of $1.72 million.
Cost Recovery Revenue- Initial Franchise Fees: $3.06 million compared to the $2.41 million average estimate based on three analysts.
Cost Recovery Revenue- Interest Income: $0.40 million versus $0.39 million estimated by three analysts on average.
Total Cost Recovery Revenue: $3.46 million compared to the $2.80 million average estimate based on three analysts.
Ancillary Revenue- Contingent Commissions: $1.92 million versus $1.51 million estimated by three analysts on average.
Ancillary Revenue- Other Franchise Revenues: $0.59 million versus the three-analyst average estimate of $0.21 million.
Total Core Revenue: $51.99 million versus $51.21 million estimated by three analysts on average.
Shares of Goosehead have returned +11.9% over the past month versus the Zacks S&P 500 composite's +1.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Compared to Estimates, Goosehead (GSHD) Q1 Earnings: A Look at Key Metrics
Goosehead Insurance (GSHD - Free Report) reported $57.96 million in revenue for the quarter ended March 2023, representing a year-over-year increase of 40.4%. EPS of $0.17 for the same period compares to $0.04 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $55.6 million, representing a surprise of +4.24%. The company delivered an EPS surprise of +325.00%, with the consensus EPS estimate being $0.04.
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.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
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: $15.82 million versus $15.18 million estimated by three analysts on average.
- Core Revenue- Renewal Royalty Fees: $22.75 million versus $22.44 million estimated by three analysts on average.
- Core Revenue- New Business Commissions: $5.52 million versus $5.22 million estimated by three analysts on average.
- Core Revenue- New Business Royalty Fees: $5.67 million versus $5.66 million estimated by three analysts on average.
- Core Revenue- Agency Fees: $2.23 million versus $2.72 million estimated by three analysts on average.
- Total Ancillary Revenue: $2.51 million versus the three-analyst average estimate of $1.72 million.
- Cost Recovery Revenue- Initial Franchise Fees: $3.06 million compared to the $2.41 million average estimate based on three analysts.
- Cost Recovery Revenue- Interest Income: $0.40 million versus $0.39 million estimated by three analysts on average.
- Total Cost Recovery Revenue: $3.46 million compared to the $2.80 million average estimate based on three analysts.
- Ancillary Revenue- Contingent Commissions: $1.92 million versus $1.51 million estimated by three analysts on average.
- Ancillary Revenue- Other Franchise Revenues: $0.59 million versus the three-analyst average estimate of $0.21 million.
- Total Core Revenue: $51.99 million versus $51.21 million estimated by three analysts on average.
View all Key Company Metrics for Goosehead here>>>Shares of Goosehead have returned +11.9% over the past month versus the Zacks S&P 500 composite's +1.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.