TWFG Inc (TWFG) Q3 2024 Earnings Call Highlights: Strong Revenue Growth and Strategic Expansion ... [Yahoo! Finance]
TWFG, Inc. (TWFG)
Company Research
Source: Yahoo! Finance
TWFG Inc ( NASDAQ:TWFG ) achieved a 14.5% total revenue growth in the third quarter. The company successfully launched its IPO, raising $192.9 million in net proceeds. TWFG Inc ( NASDAQ:TWFG ) expanded its geographical footprint by opening 86 new locations in 13 new states. The company reported a strong adjusted EBITDA margin of 21.5%, up from 19% in the prior year period. TWFG Inc ( NASDAQ:TWFG ) has a robust M&A pipeline with signed letters of intent for acquisitions expected to close in early 2025. Net income for the quarter decreased by 9.4% compared to the prior year period. The company faced operational disruptions due to multiple hurricanes impacting its locations. There was a decrease in commission expense due to branch conversions, impacting overall financials. TWFG Inc ( NASDAQ:TWFG ) anticipates increased public company expenses in the coming quarters. The company experienced a decline in premium retention, normalizing to 88% from previous higher levels.
Show less
Read more
Impact Snapshot
Event Time:
TWFG
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
TWFG alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
TWFG alerts
High impacting TWFG, Inc. news events
Weekly update
A roundup of the hottest topics
TWFG
News
- TWFG, Inc. (NASDAQ: TWFG) had its price target raised by analysts at Royal Bank of Canada from $30.00 to $38.00. They now have an "outperform" rating on the stock.MarketBeat
- TWFG Announces Third Quarter 2024 ResultsGlobeNewswire
- TWFG, Inc. (NASDAQ: TWFG) had its price target raised by analysts at Piper Sandler from $30.00 to $37.00. They now have an "overweight" rating on the stock.MarketBeat
- TWFG Inc. to Report Third Quarter 2024 ResultsPR Newswire
- TWFG, Inc. (NASDAQ: TWFG) was upgraded by analysts at DOWLING & PARTN to a "hold" rating.MarketBeat
TWFG
Earnings
- 11/12/24 - Beat
TWFG
Sec Filings
- 11/15/24 - Form SCHEDULE
- 11/14/24 - Form SC
- 11/14/24 - Form SC
- TWFG's page on the SEC website