Recap: Porch Group Q1 Earnings

Porch Group PRCH reported its Q1 earnings results on Wednesday, May 10, 2023 at 04:00 PM.

Here's what investors need to know about the announcement.

Earnings

Porch Group missed estimated earnings by 11.43%, reporting an EPS of $-0.39 versus an estimate of $-0.35.

Revenue was up $24.81 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.04 which was followed by a 19.41% drop in the share price the next day.

Here's a look at Porch Group's past performance:

Quarter Q4 2022 Q3 2022 Q2 2022 Q1 2022
EPS Estimate -0.28 -0.2 -0.24 -0.20
EPS Actual -0.32 -0.3 -0.27 -0.06
Revenue Estimate 66.28M 81.74M 78.02M 59.43M
Revenue Actual 64.11M 75.37M 70.77M 62.56M

To track all earnings releases for Porch Group visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Posted In: EarningsBZI-Recaps
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