Goosehead Insurance Analysts Slash Their Forecasts After Q2 Results

Goosehead Insurance, Inc (NASDAQ:GSHD) reported mixed results for the second quarter on Wednesday.

The company posted quarterly earnings of 49 cents per share which missed the analyst consensus estimate of 50 cents per share. The company reported quarterly sales of $94.03 million which beat the analyst consensus estimate of $93.85 million.

“We delivered another strong quarter result while making substantial investments in people and technology that are laying the foundation for significant transformation, efficiency and future growth,” said Mark Miller, President and CEO. “In the second quarter we delivered premium growth of 18%, total revenue growth of 20%, core revenue growth of 18%, net income decline of 24% and adjusted EBITDA growth of 18% with net income margin of 9% and ...