Have you been paying attention to shares of Frontdoor (FTDR) ? Shares have been on the move with the stock up 3.2% over the past month. The stock hit a new 52-week high of $49.36 in the previous session. Frontdoor has gained 38.5% since the start of the year compared to the 21.3% move for the Zacks Construction sector and the 18.3% return for the Zacks Building Products - Miscellaneous industry. What's Driving the Outperformance? The stock has an impressive record of positive earnings surprises, as it hasn' ...

Core Viewpoint - Frontdoor, Inc. (FTDR) has experienced a significant stock rally of 36.1% over the past three months, outperforming the broader market and its industry peers, driven by improved contract claims costs and customer retention [1][2]. Group 1: Stock Performance - FTDR's stock has outperformed the Zacks Building Products - Miscellaneous industry, which saw a 2% rise, and the Zacks Construction sector's 5.1% growth, as well as the S&P 500 index's 0.8% increase during the same period [1]. - The stock is currently trading above its 50-day and 200-day moving averages, indicating a bullish trend and positive market sentiment [2]. Group 2: Factors Driving Growth - Despite macroeconomic challenges, Frontdoor is focusing on long-term growth potential in the home warranty market and has modestly revised its outlook for member count [3]. - The American Home Shield (AHS) brand is actively promoting home warranties, with a successful marketing campaign launched in April and a 50% discount promotion in July 2024 that resulted in positive renewal rates [4][5]. - The company is expanding its on-demand business, particularly in HVAC services, with other revenues increasing by 46% year over year, driven by new HVAC sales [6][7]. Group 3: Strategic Acquisitions - In June, Frontdoor announced the acquisition of 2-10 Home Buyers Warranty, which is expected to enhance customer base, product diversification, and long-term growth [8]. Group 4: Financial Health - Frontdoor reported net cash from operations of $187 million for the six months ended June 30, 2024, up from $112 million a year ago, and improved its net debt to adjusted EBITDA ratio to 0.85x [9]. - The company has approved a new 3-year share repurchase plan worth $650 million, reflecting a 63% increase from the previous authorization [10]. Group 5: Market Outlook - Analysts have shown confidence in FTDR, with upward revisions in earnings estimates indicating a projected 21.3% year-over-year growth for 2024 [13]. - The company has raised its revenue outlook for 2024 to a growth range of 2-3%, with expected revenues between $1.81 billion and $1.84 billion [17].

Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. But finding a growth stock that can live up to its true potential can be a tough task. That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss. However, the Zacks Growth Style Score (part of ...

Shares of Frontdoor (FTDR) have been strong performers lately, with the stock up 31.8% over the past month. The stock hit a new 52-week high of $48.27 in the previous session. Frontdoor has gained 36.9% since the start of the year compared to the 16.7% move for the Zacks Construction sector and the 14.1% return for the Zacks Building Products - Miscellaneous industry. What's Driving the Outperformance? The stock has a great record of positive earnings surprises, as it hasn't missed our earnings consensus es ...

Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. But finding a growth stock that can live up to its true potential can be a tough task. That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss. However, it's pretty easy to find cutting-edge ...

andresr Introduction In continuation with our coverage of Frontdoor (NASDAQ:FTDR), we had ascribed a 'Strong Buy' rating on the back of its strong brand resonance, customer stickiness driving up its retention numbers and relative undervaluation. With the stock achieving its target price since the publication, we would revisit the thesis following its recent results. Investment Thesis FTDR has been the leader in home service plan business, well positioned to deliver sustained growth leveraging its significan ...

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: Frontdoor (FTDR) - Frontdoor currently holds a Momentum Style Score of B, indicating a positive momentum outlook [2] - The company has a Zacks Rank of 1 (Strong Buy), suggesting strong potential for outperformance in the market [3] Performance Metrics - FTDR shares have increased by 15.27% over the past week, while the Zacks Building Products - Miscellaneous industry has decreased by 6.16% during the same period [5] - Over the past month, FTDR's price change is 30.23%, significantly outperforming the industry's 1.84% [5] - In the last quarter, FTDR shares rose by 20.46%, and over the past year, they are up 19.57%, compared to the S&P 500's increases of 1.55% and 17.43%, respectively [6] Trading Volume - FTDR's average 20-day trading volume is 989,355 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the past two months, two earnings estimates for FTDR have been revised upwards, increasing the consensus estimate from $2.52 to $2.64 [9] - For the next fiscal year, two estimates have also moved upwards, with no downward revisions noted [9] Conclusion - Given the positive performance metrics and earnings outlook, FTDR is positioned as a strong buy with a Momentum Score of B, making it a compelling option for investors seeking short-term gains [9]

Frontdoor, Inc. (NASDAQ:FTDR) Q2 2024 Earnings Conference Call August 1, 2024 8:30 AM ET Company Participants Matt Davis - VP of Investor Relations & Treasurer William Cobb - Chairman of the Board & CEO Jessica Ross - Senior VP & CFO Conference Call Participants Jeff Schmitt - William Blair & Company L.L.C. Sergio Segura - KeyBanc Capital Markets Inc. Maxwell Fritscher - Truist Daniel Pfeiffer - JP Morgan Isaac Sellhausen - Oppenheimer Operator Ladies and gentlemen, welcome to Frontdoor's Second Quarter 20 ...

| --- | --- | --- | --- | --- | --- | |-------|-------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | Today's Speakers Bill Cobb Chairman & Chief Executive Officer Jessica Ross Senior Vice President & Chief Financial Officer Vice President Investor Relations & Treasurer Matt Davis Forward Looking Statements This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange A ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ________________________________________________ FORM 10-Q ________________________________________________ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-38617 ________________________________________ ...