Frontdoor posted $1.93 last quarter against a $1.76 consensus, and faces $1.81 next

Frontdoor's last reported quarter, the second, came in at non-GAAP EPS of $1.93, ahead of a $1.76 consensus. The company reports third-quarter results before the market opens on Thursday, November 5, and the bar is $1.81. That bar is a lower target than the last print. One estimate dated November 2 puts consensus at exactly $1.81, while another dated October 29 shows $1.77. The line sits in the range of analyst views rather than above it. The earlier quarter also went the company's way. A table of results shows $0.73 reported on April 30 against $0.68 expected. Two beats in a row is a short record, and the evidence gives no longer history, so I would not lean on it too hard. The August release also raised full-year guidance. Revenue is now guided to $2.19 billion to $2.21 billion, and Adjusted EBITDA to $585 million to $600 million. Third-quarter guidance was $642 million to $652 million of revenue and $197 million to $207 million of Adjusted EBITDA. That is operating guidance, not an EPS target, and guidance is not an achieved result. The forecast leans toward a beat, but only modestly. Frontdoor needs to clear $1.81 by at least a cent, since an exact match would not count. What to watch is the headline adjusted EPS figure in the November 5 release. A result of $1.81 or lower would make the outcome a miss, whatever the revenue says.