Frontdoor's Q3 Adjusted Earnings, Revenue Rise; 2024 Revenue Outlook Revised

MT Newswires Live
2024-11-04

Frontdoor (FTDR) reported Q3 adjusted earnings Monday of $1.38 per diluted share, up from $0.94 a year earlier.

Analysts polled by Capital IQ expected $1.05.

Revenue for the quarter ended Sept. 30 was $540 million, up from $524 million a year earlier.

Analysts surveyed by Capital IQ expected $541.9 million.

For Q4, the company said it expects revenue of roughly $367 million. Analysts polled by Capital IQ expect $374.5 million.

For the full-year 2024 revenue, Frontdoor said it now expects $1.83 billion at the midpoint, compared with its prior midpoint of $1.825 billion, or a range of $1.81 billion to $1.84 billion. Analysts surveyed by Capital IQ expect $1.84 billion.

Shares of the company were down 1% in recent Monday premarket activity.

Price: 49.00, Change: -0.52, Percent Change: -1.05

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