Goosehead Insurance, Inc (NASDAQ:GSHD) Expected to Announce Earnings of $0.01 Per Share

Analysts predict that Goosehead Insurance, Inc (NASDAQ:GSHD – Get Rating) will post earnings of $0.01 per share for the current quarter, according to Zacks. Four analysts have made estimates for Goosehead Insurance’s earnings. The highest EPS estimate is $0.02 and the lowest is $0.00. Goosehead Insurance reported earnings per share of $0.03 during the same quarter last year, which suggests a negative year over year growth rate of 66.7%. The company is expected to issue its next quarterly earnings report after the market closes on Monday, January 1st.

On average, analysts expect that Goosehead Insurance will report full-year earnings of $0.73 per share for the current year, with EPS estimates ranging from $0.67 to $0.80. For the next financial year, analysts expect that the company will post earnings of $1.29 per share, with EPS estimates ranging from $1.10 to $1.55. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover Goosehead Insurance.

Goosehead Insurance (NASDAQ:GSHD – Get Rating) last released its earnings results on Wednesday, February 23rd. The company reported $0.06 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.02). The firm had revenue of $40.20 million during the quarter, compared to analyst estimates of $40.10 million. Goosehead Insurance had a net margin of 3.57% and a negative return on equity of 10.36%. The firm’s quarterly revenue was up 16.2% on a year-over-year basis. During the same period last year, the business posted $0.14 earnings per share.

A number of equities research analysts recently commented on GSHD shares. William Blair reaffirmed an “outperform” rating on shares of Goosehead Insurance in a research note on Monday, January 24th. Truist Financial decreased their price objective on Goosehead Insurance from $85.00 to $75.00 and set a “hold” rating for the company in a research note on Monday, March 14th. Zacks Investment Research raised Goosehead Insurance from a “sell” rating to a “hold” rating in a research note on Wednesday, March 2nd. JMP Securities decreased their price objective on Goosehead Insurance from $170.00 to $160.00 and set a “market outperform” rating for the company in a research note on Friday, January 14th. Finally, Royal Bank of Canada decreased their price objective on Goosehead Insurance from $150.00 to $140.00 in a research note on Thursday, February 24th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Goosehead Insurance has an average rating of “Hold” and a consensus target price of $137.86.

In other Goosehead Insurance news, major shareholder & Robyn Jones Descendants Mark sold 38,246 shares of the business’s stock in a transaction dated Thursday, March 31st. The stock was sold at an average price of $82.95, for a total value of $3,172,505.70. Following the completion of the transaction, the insider now directly owns 132,349 shares of the company’s stock, valued at $10,978,349.55. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 48.35% of the stock is currently owned by insiders.

Several institutional investors have recently modified their holdings of GSHD. Allspring Global Investments Holdings LLC bought a new stake in shares of Goosehead Insurance in the fourth quarter valued at about $94,106,000. Wasatch Advisors Inc. lifted its holdings in shares of Goosehead Insurance by 94.1% in the fourth quarter. Wasatch Advisors Inc. now owns 1,145,046 shares of the company’s stock valued at $148,948,000 after purchasing an additional 555,090 shares in the last quarter. Capital Research Global Investors lifted its holdings in shares of Goosehead Insurance by 165.2% in the fourth quarter. Capital Research Global Investors now owns 306,471 shares of the company’s stock valued at $39,866,000 after purchasing an additional 190,902 shares in the last quarter. Lord Abbett & CO. LLC lifted its holdings in shares of Goosehead Insurance by 182.7% in the third quarter. Lord Abbett & CO. LLC now owns 258,927 shares of the company’s stock valued at $39,432,000 after purchasing an additional 167,332 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Goosehead Insurance by 33.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 265,173 shares of the company’s stock valued at $34,493,000 after purchasing an additional 67,147 shares in the last quarter. Institutional investors own 99.18% of the company’s stock.

NASDAQ GSHD opened at $57.32 on Friday. The stock has a fifty day moving average of $74.23 and a 200-day moving average of $108.37. The stock has a market capitalization of $2.12 billion, a P/E ratio of 229.28 and a beta of 0.67. Goosehead Insurance has a 52 week low of $52.35 and a 52 week high of $181.30.

About Goosehead Insurance (Get Rating)

Goosehead Insurance, Inc operates as a holding company for Goosehead Financial, LLC that provides personal lines insurance agency services in the United States. The company operates in two segments, Corporate Channel and Franchise Channel. It offers homeowner's, insurance, automotive, dwelling property insurance, flood, wind, earthquake, excess liability or umbrella, motorcycle, recreational vehicle, general liability, property, and life insurance products and services.

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