Goosehead: 4Q Earnings Snapshot
WESTLAKE, Texas (AP) _ Goosehead Insurance Inc. (GSHD) on Tuesday reported fourth-quarter net income of $2.8 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Westlake, Texas-based company said it had net income of 14 cents. Earnings, adjusted for stock option expense, came to 19 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 17 cents per share.
The insurance company posted revenue of $34.7 million in the period.
For the year, the company reported profit of $9.3 million, or 51 cents per share. Revenue was reported as $117 million.
Goosehead expects full-year revenue in the range of $144 million to $155 million.
Goosehead shares have climbed 33% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $165.40, nearly tripling in the last 12 months.