WESTLAKE, Texas (AP) — WESTLAKE, Texas (AP) — Goosehead Insurance Inc. (GSHD) on Wednesday reported fourth-quarter profit of $3.6 million.
On a per-share basis, the Westlake, Texas-based company said it had profit of 14 cents. Earnings, adjusted for stock option expense, came to 28 cents per share.
The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 32 cents per share.
The insurance company posted revenue of $63 million in the period, also falling short of Street forecasts. Four analysts surveyed by Zacks expected $68.2 million.
For the year, the company reported profit of $14.1 million, or 55 cents per share. Revenue was reported as $261.3 million.
Goosehead expects full-year revenue in the range of $310 million to $320 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GSHD at https://www.zacks.com/ap/GSHD