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Stock impact report

Frontdoor stock slides after slashing full-year forecast [Seeking Alpha]

Frontdoor, Inc. (FTDR) 
Last frontdoor, inc. earnings: 2/26 07:05 am Check Earnings Report
Company Research Source: Seeking Alpha
Frontdoor stock slides after slashing full-year forecastAug. 04, 2022 9:55 AM ETFrontdoor, Inc. (FTDR)By:Kevin P. CurranSA News EditorSDI Productions/E+ via Getty ImagesFrontdoor Inc. (NASDAQ:For the second quarter, the home repair provider posted anarrow miss on EPSwhile pushing ast revenue expectations. The bottom line figure was particularly impacted by a 23% increase in the cost per service request â??as a result of a deteriorating macroeconomic environment, a rapid acceleration of contractor-related inflation and higher parts and equipment costsâ?, according to a company release.Given these increased costs, the company revised its revenue expectations to between $1.63B and $1.65B and gross margin between 41% and 42%. The cut to guidance is thesecond straight quarter of lowered expectationsâ??While I am not pleased with our full-year outlook, I am convinced Frontdoor will emerge stronger as a result of the improvements we are making to the business and as Show less Read more
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