NASDAQ$GSHD

Goosehead Insurance Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Goosehead Insurance's Q4 2021 earnings were announced, featuring revenue growth and strategic investments.

Goosehead Insurance reported a 16% increase in total revenues for Q4 2021, reaching $40.2 million. Core revenues grew by 35% to $34.8 million, and total written premiums increased by 43% to $407.3 million. The company's net income for the quarter was $0.9 million, with adjusted EPS at $0.06 per share.

  • Total revenues increased by 16% to $40.2 million.
  • Core revenues grew by 35% to $34.8 million.
  • Total written premiums placed increased by 43% to $407.3 million.
  • Net income was reported at $0.9 million, with adjusted EPS at $0.06 per share.

Headline financials

Total Revenue

$40.2M

Previous: $34.7M+16.1%
EPS (adj)

$0.06

Previous: $0.19-68.4%
Client Retention

89.0%

Previous: 88.0%+1.1%
Capital Expenditures

$4.56M

Previous: $5.21M-12.5%
Free Cash Flow

$4.08M

Previous: $4.39M-7.0%
Net Income

$881K

Previous: $5.3M-83.4%
Operating Income

$2.15M

Previous: $5.46M-60.7%
Gross Profit

$15.1M

Previous: $15.1M-0.2%
Cash & Equivalents

$28.5M

Previous: $24.9M+14.5%
Total Assets

$270M

Previous: $186M+45.4%
Stock-Based Comp

$1.65M

Previous: $1.42M+16.5%

Revenue & EPS history

Goosehead Insurance · Revenue · Quarterly

$40.2M

Q4 2021+16.1%vs Q4 2020
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

Goosehead Insurance · $58M total across 3 segments · Q1 2023

  • Core Revenue
    $52M+42.4%
  • Cost Recovery Revenue
    $3.46M+32.3%
  • Ancillary Revenue
    $2.51M+16.2%

Forward guidance

Goosehead Insurance provided its outlook for the full year 2022, expecting total written premiums to be between $2.086 billion and $2.215 billion, and total revenues to be between $197.0 million and $212.0 million. The company also anticipates Adjusted EBITDA margin to expand.

Tailwinds

  • Total written premiums are expected to be between $2.086 billion and $2.215 billion, representing organic growth of 34% to 42%.
  • Total revenues are expected to be between $197.0 million and $212.0 million, representing organic growth of 30% to 40%.
  • Revenue growth is driven by high levels of Core Revenue growth.
  • Revenue growth is driven by historically average contingent commissions.
  • Adjusted EBITDA margin is expected to expand for the full year 2022.

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 Q4 2021

Historical avgQ4 2021

+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

Earnings price reactions
QuarterReport dateReaction (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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