Skip to main content

S&P GSCI(GDV22)
CME

Today's Change
Delayed Last Update

EverQuote (EVER) Reports Earnings Tomorrow: What To Expect

StockStory - Sun May 5, 2:00AM CDT

EVER Cover Image

Online insurance comparison site EverQuote (NASDAQ:EVER) will be reporting earnings tomorrow after market hours. Here's what investors should know.

EverQuote beat analysts' revenue expectations by 11.8% last quarter, reporting revenues of $55.71 million, down 36.9% year on year. It was a very strong quarter for the company, with optimistic revenue guidance for the next quarter.

Is EverQuote a buy or sell going into earnings? Read our full analysis here, it's free.

This quarter, analysts are expecting EverQuote's revenue to decline 26.5% year on year to $80.31 million, a further deceleration from the 1.3% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.09 per share.

EverQuote Total Revenue

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. EverQuote has missed Wall Street's revenue estimates twice over the last two years.

Looking at EverQuote's peers in the online marketplace segment, some have already reported their Q1 results, giving us a hint as to what we can expect. MercadoLibre delivered year-on-year revenue growth of 36%, beating analysts' expectations by 12.1%, and Remitly reported revenues up 32%, falling short of estimates by 1.7%. MercadoLibre traded up 8.2% following the results while Remitly was down 12.2%.

Read our full analysis of MercadoLibre's results here and Remitly's results here.

Investors in the online marketplace segment have had fairly steady hands going into earnings, with share prices down 1.5% on average over the last month. EverQuote is up 9.3% during the same time and is heading into earnings with an average analyst price target of $24.3 (compared to the current share price of $21.24).

When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we’ve found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback.

More from The Globe