Overview
Trupanion Q3 revenue grows 12% yr/yr, beating analyst expectations
Net income for Q3 rises to $5.9 mln, reflecting record profitability
Company secures $120 mln credit facility with PNC Bank, enhancing financial flexibility
Result Drivers
SUBSCRIPTION GROWTH - Subscription business revenue increased 15% yr/yr, driven by a 5% rise in subscription pet enrollments
CREDIT FACILITY - New $120 mln credit facility with PNC Bank enhances financial flexibility and supports strategic investments
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Beat | $366.92 mln | $361 mln (4 Analysts) |
Q3 Net Income | $5.87 mln | ||
Q3 Operating Expenses | $54.20 mln | ||
Q3 Operating income | $5.86 mln | ||
Q3 Pretax Profit | $6.60 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the life & health insurance peer group is "buy"
Wall Street's median 12-month price target for Trupanion Inc is $57.00, about 25.5% above its November 5 closing price of $42.49
The stock recently traded at 125 times the next 12-month earnings vs. a P/E of 274 three months ago
Press Release: ID:nGNX34vQCx
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)