Frontdoor Inc is a leading provider of home service plans, offering consumers peace of mind by covering the repair or replacement of critical home systems and appliances
The company serves homeowners through its portfolio of brands, delivering flexible and affordable options tailored to meet the diverse needs of its customers. By leveraging technology and a vast network of service professionals, Frontdoor streamlines the process of finding and managing home repairs, ensuring that customers receive timely and efficient support when unexpected issues arise. Their commitment to exceptional service and customer satisfaction positions them as a trusted partner in home maintenance and management.
Looking back on specialized consumer services stocks’ Q3 earnings, we examine this quarter’s best and worst performers, including Frontdoor (NASDAQFTDR) and its peers.
What a time it’s been for Frontdoor. In the past six months alone, the company’s stock price has increased by a massive 62.6%, reaching $55.15 per share. This was partly due to its solid quarterly results, and the performance may have investors wondering how to approach the situation.
As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the specialized consumer services industry, including ADT (NYSEADT) and its peers.
Home warranty company Frontdoor (NASDAQFTDR) met Wall Street’s revenue expectations in Q3 CY2024, with sales up 3.1% year on year to $540 million. On the other hand, next quarter’s revenue guidance of $367 million was less impressive, coming in 2% below analysts’ estimates. Its non-GAAP profit of $1.38 per share was 31.9% above analysts’ consensus estimates.
U.S. stocks traded higher, with the Dow Jones falling more than 30 points on Wednesday. Here are some big stocks recording gains in today’s session. TG Therapeutics, Inc. (NASDAQTGTX) shares jumped 26.8% to $9.80 following third-quarter results.
HSBC raised the price target for Constellation Brands, Inc. (NYSESTZ) from $280 to $290. HSBC analyst Carlos Laboy maintained a Buy rating. Constellation shares fell 3.2% to close at $241.33 on Thursday.
U.S. stocks traded lower, with the Dow Jones falling around 200 points on Wednesday. Here are some big stocks recording gains in today’s session. Powell Industries, Inc. (NASDAQPOWL) shares jumped 36.3% to $83.52 following upbeat quarterly results.
Gainers WaveDancer, Inc. (NASDAQWAVD) shares climbed 86% to $0.5505. Tellenger, a subsidiary of Wavedancer, Inc., won a seven-year U.S. government contract.
