The homeowners insurance provider raised its revenue expectations for the 2026 Porch-Owned segments, excluding reciprocal, to a range of $518 million to $523 million. This target marks a clear improvement over the previous guidance of $506 million to $517 million. Investors responded aggressively to the upward revision, signaling renewed confidence in the company's growth trajectory.
In section Market Quotes
Porch Group Shares Surge on Upward Guidance Revision
A 21% jump in after-hours trading pushed Porch Group shares to $19.78, shattering the company's previous 52-week high of $18.75. The rally followed a sharp pivot from the day's regular session, where the stock had slipped 7.7% to close at $16.30 before the positive outlook emerged.
Financial results for the latest quarter underscored this shift, with the company posting earnings of 10 cents per share on $143.9 million in revenue. This performance stands in contrast to the same period last year, when the firm recorded a loss of 10 cents per share on revenue of $115.1 million.
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