Profile
Sector:
TechnologyIndustry:
Software ApplicationCountry:
United StatesIPO:
13 January 2020Website:
http://porchgroup.comNext earnings report:
08 August 2024Last dividends:
N/ANext dividends:
N/APrice
regular market | 6 min agoDividend
Analysts recommendations
Institutional Ownership
PRCH Latest News
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.
Seattle-based vertical software company Porch Group announced Tuesday (Nov. 7) its financial results for the third quarter of 2023. The company reported total revenue of $129.6 million, representing a 67% increase compared to the same period last year.
Porch Group, Inc. (NASDAQ:PRCH ) Q3 2023 Results Conference Call November 7, 2023 5:00 PM ET Company Participants Lois Perkins - Head, IR Matt Ehrlichman - CEO, Chairman and Founder Shawn Tabak - CFO Matthew Neagle - COO Conference Call Participants Daniel Kurnos - Benchmark John Campbell - Stephens Jason Helfstein - Oppenheimer Josh Siegler - Cantor Fitzgerald Jason Kreyer - Craig-Hallum Capital Group Lois Perkins Good afternoon, everyone, and thank you for participating in Porch Group's Third Quarter 2023 Conference Call. Today, we issued our third quarter earnings release and related Form 8-K to the SEC.
SEATTLE, Oct. 31, 2023 (GLOBE NEWSWIRE) -- Porch Group, Inc. (“Porch Group,” “Porch” or “the Company”) (NASDAQ: PRCH), a leading vertical software company reinventing the home services and insurance industries, today announces it will report third quarter financial results ended September 30, 2023, after markets close on Tuesday, November 7, 2023. Conference Call Porch management will host a live webinar to discuss the financial results and business followed by Q&A on Tuesday, November 7, 2023, at 5:00 p.m.
What type of business is Porch?
Porch Group, Inc. operates a software platform in the United States and Canada. The company operates through two segments, Vertical Software and Insurance. The Vertical Software segment provides software and services to home services companies and gives early access to homebuyers and homeowners. It offers services to home services companies, such as home inspectors, consumers, such as homebuyers and homeowners, service providers, such as moving, insurance, warranty, and security companies, and TV/Internet providers. This segment operates through Floify, HireAHelper, ISN, iRoofing, Palm-Tech, Porch.com, Rynoh, and V12 brands. The Insurance segment offers property related insurance policies through our own risk-bearing carrier and independent agency as well as risk-bearing home warranty company. This segment operates though American Home Protect, Elite Insurance Group, and Homeowners of America brands. In addition, the company provides property and casualty, home, auto, flood, and umbrella insurance products; and contractor services. The company was incorporated 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 does Porch report earnings?
The next expected earnings date for Porch is 08 August 2024