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frontdoor inc (FTDR)
NASDAQ:FTDR
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.38Last Year’s EPS
0.44Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 27, 2025
|% Change Since: -30.73%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted several key achievements, including record gross margins, successful acquisition integration, and innovative service offerings. However, ongoing challenges in the real estate market and macroeconomic uncertainties such as inflation and tariffs pose significant hurdles. The company's strong financial performance and strategic initiatives in non-warranty services and member growth provide a positive outlook, but the impact of external economic factors remains a concern.Company Guidance
During the 2025 Investor Day call, Frontdoor, Inc. provided an extensive guidance on its performance metrics and strategic priorities. The company reported a significant improvement in its gross margin, which rose from a historic low of 43% in 2022 to an all-time high of 54% by the end of 2024. This was accompanied by an increase in retention rates from 75.7% in 2022 to 78.5% in 2024. The acquisition of 210 Homebuyers Warranty added over 170,000 home warranty members and is expected to deliver more than $10 million in synergies in 2025, with a target run rate of $30 million by 2028. The company also highlighted its non-warranty business growth, reporting $107 million in revenue for 2024. For 2025, Frontdoor anticipates a revenue increase of approximately 10%, driven by realized price increases and volume growth, with projected gross margins of around 52% and an adjusted EBITDA margin of about 23%. The company plans to repurchase over $180 million worth of shares in 2025, reflecting its strong cash flow generation. These figures underscore Frontdoor's shift to a more proactive mindset and its positioning for long-term growth in both warranty and non-warranty services.Record Gross Margin Improvement
Frontdoor's gross margin improved from an all-time low of 43% in 2022 to a record high of 54% in 2024, attributed to process improvement and business transformation initiatives.
Significant Stock Price Increase
The company's stock price increased by 137% from $24.15 in June 2022 to $57.17, demonstrating strong market confidence in its performance and strategy.
Successful 210 Homebuyers Warranty Acquisition
The acquisition of 210 Homebuyers Warranty added over 170,000 home warranty members and diversified Frontdoor's revenue streams with structural warranties, expected to deliver over $30 million in synergies by 2028.
Launch of AHS Video Chat with an Expert
The company introduced a new feature allowing members to connect with repair experts through the AHS app, enhancing customer service and differentiating its offerings.
Strong Financial Performance in 2024
For the full year 2024, revenue increased by 4% to $1.84 billion, and adjusted EBITDA reached an all-time high of $443 million, a 28% increase from the previous year.
Positive Momentum in D2C Member Growth
Direct-to-consumer member count grew by over 5% in the second half of 2024, with double-digit growth in units sold in the fourth quarter, driven by strategic discounts and marketing efforts.
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FTDR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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FTDR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 27, 2025 | $57.17 | $46.21 | -19.17% |
| Nov 04, 2024 | $49.52 | $52.93 | +6.89% |
| Aug 01, 2024 | $39.46 | $44.50 | +12.77% |
| May 02, 2024 | $30.76 | $34.02 | +10.60% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does frontdoor inc (FTDR) report earnings?
frontdoor inc (FTDR) is schdueled to report earning on May 01, 2025, TBA Not Confirmed.
What is frontdoor inc (FTDR) earnings time?
frontdoor inc (FTDR) earnings time is at May 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FTDR EPS forecast?
FTDR EPS forecast for the fiscal quarter 2025 (Q1) is 0.38.
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