Goosehead Insurance (NASDAQ:GSHD) Full Year 2024 Results

Key Financial Results

• Revenue: US$313.6m (up 21% from FY 2023).
• Net income: US$30.4m (up 115% from FY 2023).
• Profit margin: 9.7% (up from 5.4% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: US$1.23 (up from US$0.59 in FY 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 5.2%. Earnings per share (EPS) also surpassed analyst estimates by 60%.

In the last 12 months, the only revenue segment was Insurance Brokers contributing US$313.6m. Notably, cost of sales worth US$172.9m amounted to 55% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$69.6m (63% of total expenses). Explore how GSHD's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Insurance industry in the US.

Performance of the American Insurance industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

You should learn about the 1 warning sign we've spotted with Goosehead Insurance.

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