By Chris Wack
Goosehead Insurance Inc. shares have been up 15% to $40.05 after the corporate reported third-quarter earnings per share that beat analysts’ expectations.
The unbiased private traces insurance company stated it had quarterly earnings of $1.98 million, or 9 cents a share, in contrast with $4.04 million, or 19 cents a share, in the identical interval final 12 months. Analysts polled by FactSet have been in search of earnings of seven cents a share. Adjusted earnings got here in at 24 cents a share, whereas analysts have been anticipating 19 cents a share.
Revenue for the quarter was $57.7 million, in contrast with final 12 months’s $41.7 million and the $54.6 million analysts had forecast.
The firm stated whole written premiums elevated 42% to $616 million, and it benefited from elevated auto and residential charges that might proceed into 2023.
Write to Chris Wack at [email protected]
