NASDAQ$GSHD
Goosehead Insurance Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Reported a 10% increase in total revenue and a 16% growth in core revenue compared to the prior-year period.
Goosehead Insurance announced strong third quarter 2024 results, with total revenue increasing by 10% and core revenue growing by 16% year-over-year. The company achieved a net income of $12.6 million and an adjusted EBITDA of $26.1 million. Total written premiums increased by 28% to $1.03 billion.
- Total revenues increased by 10% to $78.0 million in the third quarter of 2024.
- Core revenues increased by 16% to $73.5 million in the third quarter of 2024.
- Net income increased to $12.6 million, with an EPS of $0.31.
- Total written premiums placed increased by 28% to $1.03 billion.
Headline financials
Revenue & EPS history
Goosehead Insurance · Revenue · Quarterly
$78M
Revenue by segment
Goosehead Insurance · $58M total across 3 segments · Q1 2023
- Core Revenue$52M+42.4%89.7%
- Cost Recovery Revenue$3.46M+32.3%6.0%
- Ancillary Revenue$2.51M+16.2%4.3%
Forward guidance
The Company is raising its guidance for full year 2024.
Tailwinds
- Total written premiums placed for 2024 are expected to be between $3.70 billion and $3.82 billion, representing growth of 25% on the low end of the range to 29% on the high end of the range.
- Total revenues for 2024 are expected to be between $295 million and $310 million, representing growth of 13% on the low end of the range to 19% on the high end of the range.
- Adjusted EBITDA Margin is expected to expand for the full year 2024.
- Well positioned for a strong finish to 2024
- Faster growth in 2025 and beyond as progress to goal of being the largest distributor of personal lines in the US.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2024
+1.7%
Avg return
Earnings day
+1.5%
Avg return
5 days after
+1.5%
Avg return
30 days after
43%
15 / 35 earnings
Positive
+25.8%
Q2 2024
Best reaction
-18.6%
Q4 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +11.5% | +7.4% | -8.6% | |
| Q4 2025 | -6.4% | -9.5% | -16.2% | |
| Q3 2025 | +8.1% | +7.8% | +3.9% | |
| Q2 2025 | -0.5% | +2.4% | -6.7% | |
| Q1 2025 | -12.0% | -9.4% | +2.7% | |
| Q4 2024 | +15.9% | +16.6% | +14.2% | |
| Q3 2024 | +13.2% | +14.6% | +32.2% | |
| Q2 2024 | +25.8% | +31.1% | +19.0% | |
| Q1 2024 | -11.5% | -5.3% | +7.2% | |
| Q4 2023 | -18.6% | -15.2% | -19.7% | |
| Q3 2023 | -5.8% | -7.8% | +4.3% | |
| Q2 2023 | +4.5% | +0.7% | -10.1% | |
| Q1 2023 | +7.3% | +5.7% | +0.6% | |
| Q4 2022 | +17.5% | +15.7% | +29.4% | |
| Q3 2022 | +15.2% | +20.1% | +15.0% | |
| Q2 2022 | +20.4% | +12.4% | +10.8% | |
| Q1 2022 | -3.2% | +0.3% | -9.4% | |
| Q4 2021 | -0.8% | +1.7% | -10.8% | |
| Q3 2021 | -4.2% | -9.8% | -12.3% | |
| Q2 2021 | -6.5% | -5.2% | +8.1% | |
| Q1 2021 | -3.2% | -10.2% | -20.9% | |
| Q4 2020 | -10.6% | -21.7% | -30.6% | |
| Q3 2020 | +14.5% | +15.6% | +14.8% | |
| Q2 2020 | +21.7% | +25.0% | +18.9% | |
| Q1 2020 | -0.1% | +1.3% | +4.3% | |
| Q4 2019 | +1.7% | +5.1% | -6.9% | |
| Q3 2019 | -16.9% | -14.4% | -20.8% | |
| Q2 2019 | -3.7% | -2.6% | +2.7% | |
| Q1 2019 | +16.6% | +11.6% | +22.3% | |
| Q4 2018 | -7.6% | -6.1% | -0.1% | |
| Q3 2017 | -11.9% | -21.3% | -26.3% | |
| Q3 2018 | -11.6% | -21.7% | -29.6% | |
| Q2 2017 | -4.8% | -3.2% | +15.6% | |
| Q2 2018 | -3.2% | -0.4% | +10.8% | |
| Q1 2018 | +7.7% | +21.5% | +43.5% | |
| Q4 2017 | — | — | — | |
| Q1 2017 | — | — | — |
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