Overview

* Goosehead Q3 revenue rises 16% yr/yr to $90.4 mln

* Adjusted EBITDA for Q3 beats analyst expectations

* Company repurchased $58.7 mln of shares in Q3

Outlook

* Company expects 2025 total written premiums between $4.38 bln and $4.65 bln

* Goosehead projects 2025 total revenues between $350 mln and $385 mln

Result Drivers

* PREMIUM AND REVENUE GROWTH - Premiums grew 15% and total revenue increased 16% over prior-year period, driven by increased producer count, improved franchise productivity, and moderating premium rate increases, per CEO Mark Miller

* SHARE REPURCHASE - Co repurchased $58.7 mln of shares in Q3 at an average price of $85.58, aiming to drive shareholder value, per CEO Mark Miller

* INVESTMENTS IN GROWTH - Increased operating expenses due to investments in corporate producers and technology to enhance client experience

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 $90.40

Revenue mln

Q3 Core $83.90

Revenue mln

Q3 Net $12.70

Income mln

Q3 Beat $29.70 $29.50

Adjusted mln mln (7

EBITDA Analysts

)

Q3 33%

Adjusted

EBITDA

Margin

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 6 "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the multiline insurance & brokers peer group is "buy."

* Wall Street's median 12-month price target for Goosehead Insurance Inc ( GSHD ) is $93.50, about 27% above its October 21 closing price of $68.25

* The stock recently traded at 31 times the next 12-month earnings vs. a P/E of 48 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)