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SEATTLE, April 19, 2024 (GLOBE NEWSWIRE) -- Trupanion, Inc. (Nasdaq: TRUP), the leader in medical insurance for cats and dogs, announced today it will report financial results for its 2024 first quarter after the market closes on Thursday, May 2, 2024. The company will host a conference call that day beginning shortly after 1:30 p.m. PT / 4:30 p.m. ET.
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Trupanion announced better-than-expected preliminary Q4 2023 results. But the pet insurance company also told investors it expects to report two "material weaknesses" in internal controls when it files its annual report.
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AKYA, DRTS and TRUP made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on January 8, 2024.
TIMB, AKYA, DRTS, TRUP and QSG have been added to the Zacks Rank #1 (Strong Buy) List on January 8, 2024.
Trupanion has appointed a new Chief Financial Officer, after its former CFO left his position in June this year. Trupanion expects its Subscription Business' operating margin to expand to 15% in Q4 2024, as there is a time lag for pricing actions to take effect. I award a Hold rating to TRUP stock, after assessing the positives associated with the new CFO appointment and the long period of time it takes for meaningful profitability improvement.
The average of price targets set by Wall Street analysts indicates a potential upside of 38.8% in Trupanion (TRUP). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.