Goosehead Insurance misses on top and bottom lines; guides FY19 revs at the low end of two analyst estimate; declares $0.41 per share special cash dividend
- Reports Q4 (Dec) earnings of $0.01 per share, excluding non-recurring items, $0.04 worse than the S&P Capital IQ Consensus of $0.05; revenues rose 32.0% year/year to $14.7 mln vs the $15.3 mln two analyst estimate; Adjusted EBITDA rose 1% from the prior-year period to $2.3 million.
- Total written premiums placed increased 50% from the prior-year period to $135 million. Policies in force grew 47% to 334,000 at year end 2018, compared to 228,000 at year end 2017, and increased 8% from 310,000 as of September 30, 2018.
- 2019 guidance: Total written premiums placed for 2019 are expected to be between $700 million and $725 million, representing organic growth of 38% on the low end of the range to 42% on the high end of the range. FY19 revs of $80 -85 million vs. $85.00 mln two analyst estimate.
