Profile
Sector:
TechnologyIndustry:
Software ApplicationCountry:
United StatesIPO:
13 January 2020Website:
http://porchgroup.comNext earnings report:
07 November 2024Last dividends:
N/ANext dividends:
N/APrice
after hours | Fri, 01 Nov 2024 23:53:33 GMTDividend
Analysts recommendations
Institutional Ownership
PRCH Latest News
The avalanche of earnings reports continued this past week, driving the CE 100 Index 2.1% higher. Porch Group shares surged nearly 73% and drove the Live segment ahead by 7.6%.
SEATTLE--(BUSINESS WIRE)--Porch Group Announces Reciprocal Exchange Regulatory Approval, A Key Milestone.
Porch Group (PRCH) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
PRCH stock has seen strong price appreciation, up over 62% since initial coverage, but YTD performance has been underwhelming. The insurance segment is PRCH's largest and fastest-growing business, and improvements in this segment could positively affect share performance. PRCH's Q1 results showed positive trends in insurance metrics, and the company's data advantages could unlock more upside in the insurance business.
Porch Group, Inc. (NASDAQ:PRCH ) Q4 2023 Earnings Conference Call March 7, 2024 5:00 PM ET Company Participants Lois Perkins - Investor Relations Matt Ehrlichman - Chief Executive Officer, Chairman and Founder Shawn Tabak - Chief Financial Officer Matthew Neagle - Chief Operating Officer Jim Weld - General Manager, Rynoh Conference Call Participants Daniel Kurnos - Benchmark Company John Campbell - Stephens Josh Siegler - Cantor Fitzgerald Danny Pfeiffer - JPMorgan Ryan Tomasello - KBW Jason Kreyer - Craig-Hallum Lois Perkins Good afternoon, everyone and thank you for participating in Porch Group's Fourth Quarter 2023 Conference Call. Today, we issued our fourth quarter earnings release and related Form 8-K to the SEC.
InsureTech companies are showing financial resiliency. After a February that featured 40 funding deals in the category, Porch Group, a leader in the homeowners insurance and vertical software platform sector, reported a solid Q4.
Does Porch Group, Inc. (PRCH) have what it takes to be a top stock pick for momentum investors? Let's find out.
If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Porch Group, Inc. (PRCH) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.
Porch Group, Inc. beat consensus earnings estimates in Q3 2023 and is focused on improving profitability rather than volume growth. The global home insurance market is expected to reach $395 billion by 2027, driving growth opportunities for Porch Group. The company's recent financial trends show growth in total revenue and progress towards breakeven earnings per share in Q3 2023.
Porch Group, Inc. (PRCH) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
What type of business is Porch?
Porch Group, Inc., together with its subsidiaries, operates a vertical software and insurance platform in the United States. The company operates in two segments, Vertical Software and Insurance. The Vertical Software segment provides software and services to inspection, mortgage, and title companies on a subscription and transactional basis, as well as move and post-move services. This segment offers inspection software and services, title insurance software, mortgage software, moving services, mover and homeowner marketing, and measurement software for roofers. The Insurance segment offers consumers with insurance and warranty products to protect their homes. This segment provides property-related insurance and captive reinsurance products; and warranty products under the Porch Warranty, American Home Protect, and Residential Warranty Services brands. The company was founded in 2011 and is headquartered in Seattle, Washington.
What sector is Porch in?
Porch is in the Technology sector
What industry is Porch in?
Porch is in the Software Application industry
What country is Porch from?
Porch is headquartered in United States
When did Porch go public?
Porch initial public offering (IPO) was on 13 January 2020
What is Porch website?
https://porchgroup.com
Is Porch in the S&P 500?
No, Porch is not included in the S&P 500 index
Is Porch in the NASDAQ 100?
No, Porch is not included in the NASDAQ 100 index
Is Porch in the Dow Jones?
No, Porch is not included in the Dow Jones index
When was Porch the previous earnings report?
No data
When does Porch earnings report?
The next expected earnings date for Porch is 07 November 2024