Frontdoor (FTDR) is well positioned to outperform the market, as it exhibits above-average growth in financials.
Frontdoor, Inc. (FTDR) Q2 2024 Earnings Call Transcript
The headline numbers for Frontdoor (FTDR) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Frontdoor (FTDR) came out with quarterly earnings of $1.27 per share, beating the Zacks Consensus Estimate of $1 per share. This compares to earnings of $0.87 per share a year ago.
Get a deeper insight into the potential performance of Frontdoor (FTDR) for the quarter ended June 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Frontdoor (FTDR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
A different kind of insurance company, FrontDoor has seen earnings estimates push up while the stock has gone sideways.
After reaching an important support level, Frontdoor (FTDR) could be a good stock pick from a technical perspective. FTDR surpassed resistance at the 20-day moving average, suggesting a short-term bullish trend.
Frontdoor (FTDR) is well positioned to outperform the market, as it exhibits above-average growth in financials.
Natixis Advisors L.P. bought a new position in shares of Frontdoor, Inc. (NASDAQ:FTDR – Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 11,794 shares of the company’s stock, valued at approximately $415,000. Other large investors have also recently modified their holdings of the company. Victory Capital Management Inc. boosted its stake in shares of Frontdoor by 1,152.1% in the 4th quarter. Victory Capital Management Inc. now owns 1,017,473 shares of the company’s stock valued at $35,835,000 after purchasing an additional 936,209 shares in the last quarter. Convergence Investment Partners LLC acquired a new stake in Frontdoor in the fourth quarter valued at approximately $210,000. Headlands Technologies LLC bought a new stake in shares of Frontdoor during the fourth quarter worth $145,000. Meritage Portfolio Management increased its holdings in shares of Frontdoor by 5.6% during the fourth quarter. Meritage Portfolio Management now owns 10,165 shares of the company’s stock worth $358,000 after buying an additional 537 shares in the last quarter. Finally, Yousif Capital Management LLC lifted its stake in shares of Frontdoor by 2.0% in the 4th quarter. Yousif Capital Management LLC now owns 40,720 shares of the company’s stock valued at $1,434,000 after acquiring an additional 812 shares during the last quarter. Analyst Upgrades and Downgrades Separately, Wells Fargo & Company upped their target price on Frontdoor from $36.00 to $39.00 and gave the stock an “equal weight” rating in a report on Monday, May 6th. One analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $40.00. Check Out Our Latest Stock Analysis on FTDR Frontdoor Price Performance Shares of NASDAQ:FTDR opened at $35.91 on Monday. The company has a debt-to-equity ratio of 3.54, a quick ratio of 1.14 and a current ratio of 1.14. Frontdoor, Inc. has a 52 week low of $28.25 and a 52 week high of $38.97. The firm has a market cap of $2.79 billion, a PE ratio of 15.75 and a beta of 0.89. The firm’s fifty day moving average is $32.23 and its 200-day moving average is $33.23. Frontdoor (NASDAQ:FTDR – Get Free Report) last announced its earnings results on Wednesday, February 28th. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.02 by $0.18. The firm had revenue of $366.00 million for the quarter, compared to the consensus estimate of $360.47 million. Frontdoor had a return on equity of 132.00% and a net margin of 10.27%. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.13 EPS. Sell-side analysts predict that Frontdoor, Inc. will post 2.52 earnings per share for the current year. About Frontdoor (Free Report) Frontdoor, Inc provides home warranties in the United States in the United States. Its customizable home warranties help customers protect and maintain their homes from costly and unplanned breakdowns of essential home systems and appliances. The company's home warranty customers subscribe to an annual service plan agreement that covers the repair or replacement of principal components of approximately 20 home systems and appliances, including electrical, plumbing, water heaters, refrigerators, dishwashers, and ranges/ovens/cooktops, as well as electronics, pools, and spas and pumps; and heating, ventilation, and air conditioning systems.
Frontdoor (FTDR) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.