Brokers Offer Predictions for Frontdoor Inc’s Q4 2018 Earnings (FTDR)
Frontdoor Inc (NASDAQ:FTDR) – Research analysts at Oppenheimer decreased their Q4 2018 earnings estimates for Frontdoor in a research note issued on Monday, November 5th. Oppenheimer analyst I. Zaffino now forecasts that the company will earn $0.06 per share for the quarter, down from their previous forecast of $0.32. Oppenheimer currently has a “Buy” rating and a $40.00 target price on the stock.
Other equities research analysts also recently issued reports about the company. Compass Point assumed coverage on Frontdoor in a research note on Monday, October 1st. They set a “buy” rating and a $51.75 price target for the company. Gabelli assumed coverage on Frontdoor in a research note on Tuesday, October 2nd. They set a “buy” rating and a $55.00 price target for the company. UBS Group downgraded Frontdoor from a “buy” rating to a “hold” rating in a research note on Wednesday, October 3rd. Finally, CIBC initiated coverage on Frontdoor in a research note on Tuesday, October 2nd. They set an “outperform” rating and a $48.00 price target for the company. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $46.25.
Frontdoor (NASDAQ:FTDR) last released its quarterly earnings results on Monday, November 5th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.02. The firm had revenue of $377.00 million for the quarter, compared to the consensus estimate of $369.50 million. The business’s quarterly revenue was up 9.0% on a year-over-year basis.
frontdoor, inc. operates a home services platform that provides home service plans to homeowners in the United States. It provides services under the HSA, OneGuard, Landmark, and American Home Shield brand names. The company serves homeowners who require assistance with technical home repair issues by utilizing its network of pre-qualified professional contractor firms.
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