Ethos Technologies Analysts Boost Their Forecasts After Upbeat Q3 Results

Ethos Technologies Inc. (NASDAQ:LIFE) on Monday reported better-than-expected third-quarter financial results and issued fourth-quarter sales guidance above estimates.

Ethos Technologies reported quarterly earnings of 49 cents per share which beat the analyst consensus estimate of 30 cents per share. The company reported quarterly sales of $235.200 million which beat the analyst consensus estimate of $165.758 million.

Ethos Technologies said it sees fourth-quarter sales of $220.000 million-$224.000 million, versus market estimates of $185.701 million.

“Q3 was a record quarter for Ethos. We grew revenue 151% year-over-year and delivered our third consecutive quarter of triple digit year-over-year growth,” said Peter Colis, CEO and Co-Founder of Ethos. “In Q3 alone, we protected more than 140,000 additional families. Our results illustrate the power of growth at scale paired with disciplined execution, and continue to show that Ethos is a business that gets better as it gets bigger.”

Ethos Technologies shares gained 11.5% to $47.55 in pre-market trading.

These analysts made changes to their price targets on Ethos Technologies following earnings announcement.

• Baird analyst Colin Sebastian maintained the stock with an Outperform rating and raised the price target from $32 to $55.
• Citizens analyst Matthew J. Carletti maintained the stock with a Market Outperform and raised the price target from $40 to $55.

Considering buying LIFE stock? Here’s what analysts think:

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