Frontdoor Inc Up 12.89% To $32.66 After Earnings Beat

Frontdoor Inc (FTDR) surpassed earnings projections on 11/1/2023 for Q3 2023.

Frontdoor Inc's earnings came in at an EPS of $0.94 per share, 74.00% higher than estimates for an EPS of $0.54 per share. The firm's earnings are up 68% since reporting $0.56 per share in the same period a year ago. Remember, earnings reported were on an adjusted basis, so they may not be comparable to prior reports and/or analyst estimates.

Revenues were upbeat at $524 million. That is an increase of 8.26% in revenues from the year-ago report and is 2.20% higher than consensus estimates set at $512.7 million.

The stock is up 12.89% to $32.66 after the report.

Frontdoor Inc's earnings expanded faster than revenues, signaling widening profit margins.

Wall Street Analysts had an average rating of Buy on the stock prior to the report.

Trading in the five days leading up to the report earned Frontdoor Inc a Bearish Sentiment Rank from InvestorsObserver.

Frontdoor Inc has performed a little above average during the past few months. Before the report, Frontdoor Inc received a Long-Term Technical Rank by InvestorsObserver of 70, putting it in the top half of stocks. The firm set a 52-week high on August 2, 2023 at $38.97 and set a 52-week low on December 23, 2022 at $19.06.

Frontdoor Inc is a United States-based company that provides home service plans. It owns multiple home service brands including American Home Shield, HSA, OneGuard, and Landmark brands. Through its home service plans, the company helps its customers maintain their homes and protect against costly and unexpected breakdowns of essential home systems and appliances.