Goosehead Insurance (NASDAQ:GSHD) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$78.1m (up 13% from 2Q 2023).

• Net income: US$6.20m (up 69% from 2Q 2023).

• Profit margin: 7.9% (up from 5.3% in 2Q 2023). The increase in margin was driven by higher revenue.

• EPS: US$0.25 (up from US$0.15 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Goosehead Insurance Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 5.3%. Earnings per share (EPS) also surpassed analyst estimates by 25%.

Looking ahead, revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Insurance industry in the US.

Performance of the American Insurance industry.

The company's shares are up 32% from a week ago.

Risk Analysis

Be aware that Goosehead Insurance is showing 2 warning signs in our investment analysis and 1 of those is potentially serious...

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