PRCH Stock Recent News

Porch Group, Inc. (NASDAQ:PRCH ) Q2 2024 Earnings Conference Call August 6, 2024 5:00 PM ET Company Participants Lois Perkins - IR Matt Ehrlichman - CEO, Chairman and Founder Shawn Tabak - CFO Matthew Neagle - COO Michelle Taves - GM Porch Group Media, Data and Marketing Conference Call Participants Daniel Kurnos - The Benchmark Company Jonathan Bass - Stephens Steven Hromin - Oppenheimer Ryan Tomasello - KBW Jason Kreyer - Craig-Hallum Capital Group Lois Perkins Good afternoon, everyone, and thank you for participating in Porch Group's Second Quarter 2024 Conference Call. Today, we issued our earnings release and filed our related Form 8-K with the SEC.

Porch Group, Inc. (PRCH) came out with a quarterly loss of $0.65 per share versus the Zacks Consensus Estimate of a loss of $0.58. This compares to loss of $0.73 per share a year ago.

Porch Group (PRCH) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

Investors looking to maximize their returns tend to look for stocks trading at very low prices. Think penny or small-cap tech stocks.

PRCH stock has seen strong price appreciation, up over 62% since initial coverage, but YTD performance has been underwhelming. The insurance segment is PRCH's largest and fastest-growing business, and improvements in this segment could positively affect share performance. PRCH's Q1 results showed positive trends in insurance metrics, and the company's data advantages could unlock more upside in the insurance business.

Porch Group, a U.S. homeowners insurance and home inspection software company, reportedly sued China Construction Bank (CCB), alleging reinsurance fraud. In its complaint, Porch alleged that the Chinese lender conspired with employees of Vesttoo, a now-bankrupt Israeli insurance firm, to issue fake reinsurance letters of credit, Reuters reported Friday (May 10).

Porch Group, Inc. (NASDAQ:PRCH ) Q1 2024 Results Conference Call May 8, 2024 5:00 PM ET Company Participants Lois Perkins - Investor Relations Matt Ehrlichman - CEO, Chairman, and Founder Shawn Tabak - Chief Financial Officer Matthew Neagle - Chief Operating Officer Efram Ware - President and General Manager, Homeowners of America Conference Call Participants Jonathan Bass - Stephens Ryan Tomasello - KBW Mark Schappell - Loop Capital Markets Lois Perkins Good afternoon. Everyone, and thank you for participating in Porch Group's First Quarter 2024 Conference Call.

Porch Group, Inc. (PRCH) came out with a quarterly loss of $0.21 per share versus the Zacks Consensus Estimate of a loss of $0.33. This compares to loss of $0.39 per share a year ago.

SEATTLE--(BUSINESS WIRE)--Porch Group, Inc. (“Porch Group,” “Porch” or “the Company”) (NASDAQ: PRCH), a homeowners insurance and vertical software platform, today announced it will report financial results for the first quarter ended March 31, 2024, after markets close on Wednesday, May 8, 2024. Conference Call Porch management will host a live webinar to discuss the financial results and business followed by Q&A on Wednesday, May 8, 2024, at 5:00 p.m. Eastern time (2:00 p.m. Pacific time).

Porch Group, Inc. (NASDAQ:PRCH ) Q4 2023 Earnings Conference Call March 7, 2024 5:00 PM ET Company Participants Lois Perkins - Investor Relations Matt Ehrlichman - Chief Executive Officer, Chairman and Founder Shawn Tabak - Chief Financial Officer Matthew Neagle - Chief Operating Officer Jim Weld - General Manager, Rynoh Conference Call Participants Daniel Kurnos - Benchmark Company John Campbell - Stephens Josh Siegler - Cantor Fitzgerald Danny Pfeiffer - JPMorgan Ryan Tomasello - KBW Jason Kreyer - Craig-Hallum Lois Perkins Good afternoon, everyone and thank you for participating in Porch Group's Fourth Quarter 2023 Conference Call. Today, we issued our fourth quarter earnings release and related Form 8-K to the SEC.