Goosehead Insurance, Inc. Announces Third Quarter 2019 Results

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Go back to Goosehead Insurance, Inc. Announces Third Quarter 2019 Results

Goosehead Insurance Inc. (GSHD) Reports In-Line Q3 EPS; Raises FY19 Outlook, Maintains Revenue Outlook

November 1, 2019 7:10 AM EDT

Goosehead Insurance Inc. (NASDAQ: GSHD) reported Q3 EPS of $0.08, in-line with the analyst estimate of $0.08. Revenue for the quarter came in at $21.2 million versus the consensus estimate of $21.63 million.

Third Quarter 2019 Highlights

Revenue grew organically 32% from the prior-year period to $21.2 million.Total written premiums placed increased organically 44% from the prior-year period to $202.1 million, two-thirds of which occurred in the Franchise Channel.Policies in force grew 45% to 448,000 as of September 30, 2019, compared to 310,000 as of September 30, 2018.Net income attributable to Goosehead Insurance, Inc. of $1.0 million.Adjusted EBITDA* rose 37% from the prior-year... More