Frontdoor, Set to Report Q3 2023 Earnings of $0.49 Per Share

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Frontdoor ($NASDAQ:FTDR), Inc. is set to report its Q3 2023 earnings of $0.49 per share. Frontdoor is a well-established technology company that provides comprehensive home service solutions. It helps customers take control of their home maintenance needs through its digital platform. The company specializes in home service plans, repairs, and installations of a wide variety of products and services.

It has partnerships with leading manufacturers and service providers in the industry. Analysts are optimistic that Frontdoor will continue to see growth in the coming quarters due to its innovative solutions and long-term partnerships.

Earnings

In their latest earning report for the fiscal year of 2023 as of June 30 2021, FRONTDOOR earned a total of $463.0M USD in revenue and $40.0M USD in net income. When compared to the same time period of the previous year, there has been a decrease in total revenue by 4.9%, while net income has seen an increase of 21.2%. Over the past three years, FRONTDOOR’s total revenue has grown from $463.0M USD to $522.0M USD.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Frontdoor. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Frontdoor. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Frontdoor. More…

Key Ratios Snapshot

Some of the financial key ratios for Frontdoor are shown below. More…

Market Price

The stock opened at $28.6 and closed at $28.4, a 0.4% increase from the previous closing price of 28.3. This comes as no surprise given the company’s successful partnerships and ability to adapt to current market trends. Investors are eagerly awaiting the official results of the Q3 earnings report to gain insight into the company’s progress and the direction of its future trajectory. Frontdoor_Set_to_Report_Q3_2023_Earnings_of_0.49_Per_Share”>Live Quote…

Analysis

At GoodWhale, we recently conducted an analysis of FRONTDOOR’s wellbeing. Using our Star Chart, it was easy to see that FRONTDOOR falls into the ‘rhino’ category, meaning it has achieved moderate revenue or earnings growth. This makes it an attractive investment target for any investor wanting to get a reliable and steady return. The analysis also revealed that FRONTDOOR has a high health score of 8/10 when it comes to cashflows and debt, which suggests it is in a good position to withstand any potential crisis without the risk of bankruptcy. We found that FRONTDOOR is strong in terms of asset and profitability, but only fair in terms of growth and weak in terms of dividends. This suggests that investors seeking steady returns over longer periods of time may be more interested in this company than those seeking more immediate returns. Frontdoor_Set_to_Report_Q3_2023_Earnings_of_0.49_Per_Share”>More…

Peers

Its competitors are E-Home Household Service Holdings Ltd, Buck Hill Falls Co, and Carriage Services Inc.

– E-Home Household Service Holdings Ltd ($NASDAQ:EJH)

E-Home Household Service Holdings Ltd is a provider of home healthcare services in China. The company offers a range of services, including nursing care, rehabilitation therapy, and health management. It also provides home-based services, such as home visits, home health education, and health assessment. The company operates in two segments: Home Healthcare Services and Health Management. It has a network of service outlets in Beijing, Shanghai, Guangzhou, and Shenzhen.

– Buck Hill Falls Co ($OTCPK:BUHF)

Carriage Services Inc is a publicly traded company that provides funeral and cemetery services. The company has a market capitalization of $353.16 million as of 2022 and a return on equity of 43.04%. Carriage Services Inc operates through two segments: Funeral and Cemetery Services. The Funeral segment provides funeral services, cremation services, and merchandise sales. The Cemetery segment provides cemetery property sales, interment services, and other related services.

Summary

Investors are optimistic about Frontdoor, Inc. ahead of the Q3 2023 earnings announcement. Investors are likely to be looking for continued growth in revenue and profits from Frontdoor to support the stock price. Looking ahead, the company is expected to benefit from its focus on efficiency and customer experience as well as its commitment to innovation. With the 3rd quarter results expected soon, investors will be watching closely for any positive news that could support further gains in the stock.