Frontdoor reports Q1 adjusted EPS 44c, consensus 20c

Reports Q1 revenue $378M, consensus $375.99M. “Frontdoor continues to operate extremely well and is off to a strong start in 2024,” said Chairman and Chief Executive Officer Bill Cobb. “While earnings continue to exceed expectations, our top priority is to find new and innovative ways to increase demand for our services. The American Home Shield brand relaunch is a significant component of this strategy, and I am very pleased with the initial reaction to our new celebrity spokesperson, Rachel Dratch, as ‘Warrantina’. We are truly bringing a refreshed and high energy look to our brand and are optimistic it will improve the growth trajectory for home warranties for years to come.”