There weren’t any S&P 500 earnings reactions yesterday…
But over in small-cap land, one stock just made a statement.
Let’s talk about Porch Group $PRCH.
A $1 billion vertical software platform that serves the home services and real estate industries. They help streamline everything from home inspections to insurance, moving, and repairs—all from a centralized platform.
For years, Porch was stuck in the penalty box. But that seems to be changing right now.
In its latest earnings report, the company posted a surprise profit, beat revenue expectations, and raised full-year guidance.
The market was expecting the company to report a loss of $0.11 per share. Instead, they reported a gain of $0.08 per share.
That's a beat of 170%!
This was a significant development for a company that has been fighting to prove its model scales.
The market has taken note of their actions, and shareholders are being handsomely rewarded.
After the report, PRCH exploded higher, leaving behind a monster earnings gap 👇
Now, just a few days later, Porch Group is consolidating in a tight bullish continuation pattern.
We believe this is just the beginning of a much larger shift...
Here's the long-term setup in PRCH 👇
Porch Group has been building a massive multi-year base, and it’s now knocking on the door of a major breakout level at the 38.2% retracement from its all-time highs.
Meanwhile, short interest just hit a new 52-week high, setting up the perfect fuel for a squeeze.
The technical setup is textbook, and the latest earnings event just sparked renewed interest in the stock.
If PRCH is above 10.75, we want to be long with a target of 17 and 27.50 over the coming 3-6 months.
Let’s see if this one can run.
Thank you for reading.
- The Beat Report Team
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