WESTLAKE, Texas (AP) — WESTLAKE, Texas (AP) — Goosehead Insurance Inc. (GSHD) on Monday reported fourth-quarter earnings of $14.9 million.
On a per-share basis, the Westlake, Texas-based company said it had profit of 57 cents. Earnings, adjusted for stock option expense, were 79 cents per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 41 cents per share.
The insurance company posted revenue of $93.9 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $77.8 million.
For the year, the company reported profit of $30.4 million, or $1.15 per share. Revenue was reported as $314.5 million.
Goosehead expects full-year revenue in the range of $350 million to $385 million.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GSHD at https://www.zacks.com/ap/GSHD
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.