PPD Reports First Quarter 2020 Results
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Pre-paid Legal Services, Inc. (PPD) Tops Q1 EPS by 2c, Revenues Beat; Offers 2Q Revenue Guidance Below Consensus
May 6, 2020 6:01 PM UTCPre-paid Legal Services, Inc. (NASDAQ: PPD) reported Q1 EPS of $0.24, $0.02 better than the analyst estimate of $0.22. Revenue for the quarter came in at $1.07 billion versus the consensus estimate of $1.04 billion.
Highlights
Net authorizations of $1,063.6 million, representing 8.8% growth over first quarter 2019 and resulting in a net book-to-bill ratio of 1.30x on a historical basisEnding backlog of $7,312.2 million, representing 11.9% growth over first quarter 2019 on a historical... More