| (USD) | Mar 2024 | Q/Q |
|---|---|---|
| Revenue | 378MM | +3% |
| Gross Profit | 195MM | +10% |
| Cost Of Revenue | 184MM | -3% |
| Operating Income | 45MM | - |
| Operating Expenses | 150MM | - |
| Net Income | 34MM | - |
| G&A | 135MM | -5% |
| Amortization | 1MM | - |
| Interest Expense | 10MM | - |
Short Volume Ratio = Short Volume / All Volume. Source of Short Volume data comes from
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Discover how Frontdoor Inc achieved significant growth in revenue, gross margin, and adjusted EBITDA, alongside insights into future strategies and market conditions.
Q1 2024 Frontdoor Inc Earnings Call
Shares of home warranty company Frontdoor (NASDAQ:FTDR) jumped 7.7% in the afternoon session after the company reported first-quarter results that blew past analysts' adjusted EBITDA and EPS expectations. The top line benefited from a price increase (+11%), which more than offset the decline in volume (-8%). While its full-year revenue guidance was maintained, the company raised its full-year adjusted EBITDA guidance, showing that growth is as expected, but it's coming in more profitably. Overal
The headline numbers for Frontdoor (FTDR) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Robust Growth and Strategic Brand Initiatives Propel Performance
Frontdoor (FTDR) delivered earnings and revenue surprises of 115% and 0.44%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
Home warranty company Frontdoor (NASDAQ:FTDR) reported results in line with analysts' expectations in Q1 CY2024, with revenue up 3% year on year to $378 million. The company expects next quarter's revenue to be around $535 million, in line with analysts' estimates. It made a non-GAAP profit of $0.43 per share, improving from its profit of $0.28 per share in the same quarter last year.
MEMPHIS, Tenn., May 02, 2024--Frontdoor, Inc. (NASDAQ: FTDR), the nation’s leading provider of home warranties, today announced its first-quarter 2024 results.
The Zacks Construction sector is set to report strong results on the back of a solid housing market scenario amid labor woes.
Home warranty company Frontdoor (NASDAQ:FTDR) will be announcing earnings results tomorrow before the bell. Here's what investors should know.