Goosehead: 2Q Earnings Snapshot
WESTLAKE, Texas (AP) _ Goosehead Insurance Inc. (GSHD) on Thursday reported second-quarter net income of $903,000, after reporting a loss in the same period a year earlier.
The Westlake, Texas-based company said it had profit of 6 cents per share. Earnings, adjusted for stock option expense, came to 7 cents per share.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 9 cents per share.
The insurance company posted revenue of $19.4 million in the period.
Goosehead expects full-year revenue in the range of $80 million to $85 million.
Goosehead shares have climbed 71% since the beginning of the year. The stock has climbed 66% in the last 12 months.