KeyCorp Boosts Q3 2023 Earnings Per Share Estimates for Frontdoor,
August 12, 2023
☀️Trending News
Frontdoor ($NASDAQ:FTDR), Inc. has seen a major boost in earnings estimates for the third quarter of 2023, according to an investor note released by KeyCorp. Frontdoor Inc. is a home services giant that delivers essential services such as handyman repairs, home security systems, and appliance installation to customers across the United States. The company has experienced impressive growth over the past few years and has seen its stock surge to all-time highs. The strong performance of Frontdoor, Inc. is expected to continue in the coming quarters, further boosting investor confidence in the company’s future success.
Earnings
KeyCorp has recently reported that Frontdoor, Inc. has seen an increase in their earnings per share estimates for Q3 of FY2023. In the company’s most recent financial report from Q2 ending June 30 2021, Frontdoor generated a total revenue of 463.0M USD and a net income of 40.0M USD. Although this is a 4.9% decrease in total revenue from the previous year, net income has seen a 21.2% increase, showing that the company is continuing to make progress. Over the last 3 years, Frontdoor’s total revenue has expanded from 463.0M USD to 522.0M USD, indicating a steady growth for the company.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Frontdoor. More…
| Total Revenues | Net Income | Net Margin |
| 1.71k | 127 | 8.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Frontdoor. More…
| Operations | Investing | Financing |
| 160 | -31 | -52 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Frontdoor. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.14k | 1k | 1.62 |
Key Ratios Snapshot
Some of the financial key ratios for Frontdoor are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 6.5% | -4.4% | 12.0% |
| FCF Margin | ROE | ROA |
| 7.2% | 120.3% | 11.3% |
Price History
On Tuesday, Frontdoor, Inc. (FRONTDOOR) stock opened at $36.4 and closed at $35.6, down by 2.6% from last closing price of 36.5. While the current EPS estimates for Q3 2023 remain lower than the EPS reported in Q3 2022, there is optimism that Frontdoor, Inc. will make a recovery from the pandemic-induced hardship. Investors are advised to keep an eye on the stock and to monitor the company’s performance in its upcoming quarterly results. Live Quote…
Analysis
At GoodWhale, we performed an in-depth analysis to evaluate the wellbeing of FRONTDOOR. After reviewing numerous financial and business aspects, we rated the investment as a medium risk. We detected two risk warnings from FRONTDOOR’s income statement and balance sheet. If you’d like to take a look at our findings, we invite you to become a registered user. More…
Peers
Its competitors are E-Home Household Service Holdings Ltd, Buck Hill Falls Co, and Carriage Services Inc.
– E-Home Household Service Holdings Ltd ($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
KeyCorp, an investment firm, recently released a statement to investors indicating that their third-quarter 2023 earnings per share estimates for Frontdoor, Inc. have increased. This positive outlook from an influential financial firm may be an indication that Frontdoor stocks might be a lucrative investment opportunity. Currently, the company’s stock price is relatively low, making it a desirable investment option for those interested in diversifying their portfolio and gaining exposure to the tech industry.
Additionally, the company has seen significant growth in recent years, providing further assurance to potential investors. Investors should look to further research Frontdoor to determine whether it is a worthwhile investment opportunity for them.
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