Goosehead Insurance (NASDAQ: GSHD) saw its stock price surge 5.32% in after-hours trading following the release of its third-quarter earnings report. The company's financial results exceeded expectations in key areas, particularly in profitability metrics.

For the third quarter, Goosehead reported revenue of $90.4 million, representing a robust 15.89% increase compared to the same period last year. While this figure slightly missed the analyst consensus estimate of $92.138 million, investors appeared to focus on the company's strong bottom-line performance. Goosehead's adjusted EBITDA came in at $29.7 million, surpassing the IBES estimate of $29.5 million. The company also achieved an impressive adjusted EBITDA margin of 33%, indicating efficient operations and cost management.

Further bolstering investor confidence, Goosehead reported a net income of $12.7 million for the quarter. The company's core revenue, a key metric for its operations, reached $83.9 million. Looking ahead, Goosehead provided a positive outlook, projecting full-year revenue in the range of $350-385 million. This guidance suggests continued growth and optimism about the company's future performance, likely contributing to the stock's after-hours rally.