BUZZ-Goosehead Insurance hits three-year high after Q4 profit beats expectations

Reuters
02-26
BUZZ-<a href="https://laohu8.com/S/GSHD">Goosehead Insurance</a> hits three-year high after Q4 profit beats expectations

** Shares of insurance agency Goosehead Insurance GSHD.O rise as much as 20.7%, hitting their highest since 2021

** Stock last up 18.4% at $125.06

** GSHD late Monday posted Q4 adjusted EPS of 79 cents/shr, beating Wall Street expectations of 40 cents, according to estimates compiled by LSEG

** Q4 revenue jumped 49% to $93.9 million, driven by strong growth in commissions and agency fees

** Truist analyst Mark Hughes says the beat was driven by a huge jump in contingent commissions, an important swing factor for GSHD earnings

** Citizens JMP Securities analyst Matthew Carletti says GSHD is well positioned to continue to drive high levels of growth given it has a better business model than peers and a very small market share

** As of last close, GSHD stock up 4.1% YTD

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))

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