EverQuote(EVER)
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EverQuote Announces First Quarter 2025 Financial Results
Globenewswire· 2025-05-05 20:05
Core Viewpoint - EverQuote, Inc. reported strong financial performance in Q1 2025, achieving record revenue and Adjusted EBITDA, driven by increased marketing budgets from carriers and agents, and a focus on digital advertising in the insurance sector [2][6][7]. Financial Performance - Total revenue for Q1 2025 grew by 83% year-over-year to $166.6 million [6][7]. - Variable Marketing Dollars (VMD) increased by 52% year-over-year to $46.9 million [6][7]. - Net income for Q1 2025 was $8.0 million, compared to $1.9 million in Q1 2024 [6][7]. - Adjusted EBITDA reached a record $22.5 million, up from $7.6 million in the previous year [6][7]. - Operating cash flow improved to $23.3 million from $10.4 million year-over-year [6][7]. Segment Performance - Revenue from the automotive insurance vertical was $152.7 million, a 97% increase year-over-year [7][18]. - Revenue from home and renters insurance grew by 10% to $13.9 million [7][18]. Cash Position - The company ended Q1 2025 with $125.0 million in cash and cash equivalents, a 22% increase from $102.1 million at the end of Q4 2024 [6][14]. Future Outlook - For Q2 2025, the company expects revenue between $155.0 million and $160.0 million, representing a 34% year-over-year growth at the midpoint [6][7]. - VMD is projected to be between $45.0 million and $47.0 million, indicating a 26% year-over-year growth at the midpoint [6][7]. - Adjusted EBITDA is anticipated to be between $20.0 million and $22.0 million, reflecting a 62% year-over-year growth at the midpoint [6][7].
EverQuote Gears Up to Report Q1 Earnings: What to Expect
ZACKS· 2025-04-30 18:40
Core Viewpoint - EverQuote, Inc. (EVER) is anticipated to show significant improvements in both revenue and earnings for the first quarter of 2025, with a projected revenue of $158.1 million, reflecting a 73.6% year-over-year increase, and earnings per share estimated at 32 cents, indicating a 540% increase from the previous year [1][2]. Revenue Expectations - The consensus estimate for EverQuote's first-quarter revenues is $158.1 million, which represents a 73.6% increase compared to the same period last year [1]. - EverQuote expects revenues to fall between $155 million and $160 million for the first quarter of 2025, with a midpoint growth of 73% year-over-year [5]. Earnings Projections - The bottom line consensus estimate for EverQuote is 32 cents per share, suggesting a substantial year-over-year increase of 540% [2]. - The Earnings ESP for EverQuote is 0.00%, as both the Most Accurate Estimate and the Zacks Consensus Estimate are at 32 cents [3]. Factors Influencing Results - The expected improvement in EverQuote's first-quarter results is attributed to the recovery in the auto insurance and homeowners' insurance markets, along with enhanced operational efficiency [4]. - Factors such as expansion into new verticals, increased consumer traffic, higher quote request volume, and innovative advertising products and services are likely to have positively impacted revenues [4]. Expense Considerations - Total expenses for EverQuote are projected to increase, primarily due to higher sales and marketing costs, with an estimated total expense of $137.8 million [5]. - The variable marketing margin is expected to improve, estimated at $45.6 million, driven by lower advertising costs and growth in revenue per quote request [6].
Is EverQuote (EVER) Stock a Solid Choice Right Now?
ZACKS· 2025-04-16 16:46
Core Viewpoint - EverQuote, Inc. (EVER) is positioned as an intriguing investment opportunity due to solid earnings estimate revisions and a favorable industry ranking in the Insurance - Multi line sector [1][5]. Industry Summary - The Insurance - Multi line industry currently holds a Zacks Industry Rank of 53 out of over 250 industries, indicating a strong position relative to other sectors [2]. - Broad trends within the industry are positively impacting securities, suggesting that a rising tide could benefit multiple companies within this segment [2]. Company Summary - EverQuote has experienced significant earnings estimate revisions, with current quarter estimates increasing from 16 cents per share to 32 cents per share over the past two months [4]. - Current year estimates have also risen from 81 cents per share to $1.20 per share, reflecting a more bullish outlook from analysts [4]. - The company has achieved a Zacks Rank 1 (Strong Buy), highlighting its solid market position and potential for growth [4].
EverQuote to Announce First Quarter 2025 Financial Results on May 5, 2025
Newsfilter· 2025-04-15 12:30
Core Viewpoint - EverQuote, Inc. will report its first quarter financial results on May 5, 2025, and will host a conference call to discuss these results and the company's outlook [1]. Group 1: Financial Results Announcement - EverQuote will announce its first quarter financial results after market close on May 5, 2025 [1]. - A conference call and webcast will be held at 4:30 p.m. ET to discuss the financial results and recent developments [1]. - The conference call can be accessed via a toll-free number in the US and an international number, with a specific conference ID provided [1]. Group 2: Company Overview - EverQuote operates a leading online marketplace for insurance shopping, connecting consumers with insurance providers, including carriers and agents [2]. - The company's vision is to be the leading growth partner for property and casualty (P&C) insurance providers [2]. - EverQuote's marketplace is driven by proprietary data and technology, enhancing the way insurance providers attract consumers [2].
EVER Outperforms Industry, Trades at Premium: How to Play the Stock
ZACKS· 2025-04-14 14:00
Shares of EverQuote, Inc. (EVER) have gained 1.1% year to date, outperforming its industry, the Finance sector and the Zacks S&P 500 composite’s decline of 3.3%, 3.8% and 9.1%, respectively. EverQuote shares are trading below the 50-day moving average, indicating a bearish trend. The insurer has a market capitalization of $721.98 million. The average volume of shares traded in the last three months was 0.6 million. EVER vs. Industry, Sector, S&P YTDImage Source: Zacks Investment ResearchEVER Shares are Expe ...
Wall Street Analysts See a 27.37% Upside in EverQuote (EVER): Can the Stock Really Move This High?
ZACKS· 2025-04-02 15:01
EverQuote (EVER) closed the last trading session at $26.56, gaining 0.8% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $33.83 indicates a 27.4% upside potential.The average comprises six short-term price targets ranging from a low of $29 to a high of $38, with a standard deviation of $2.99. While the lowest estimate indicates an increase of 9.2% from the current price level, the ...
Why Is EverQuote (EVER) Up 16% Since Last Earnings Report?
ZACKS· 2025-03-26 16:30
A month has gone by since the last earnings report for EverQuote (EVER) . Shares have added about 16% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is EverQuote due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers.How Have Estimates Been Moving Since Then?It turns out, est ...
EverQuote, Inc. (EVER) Hit a 52 Week High, Can the Run Continue?
ZACKS· 2025-03-18 14:15
Shares of EverQuote (EVER) have been strong performers lately, with the stock up 29.3% over the past month. The stock hit a new 52-week high of $28.25 in the previous session. EverQuote has gained 40.3% since the start of the year compared to the 2.3% move for the Zacks Finance sector and the 5.1% return for the Zacks Insurance - Multi line industry.What's Driving the Outperformance?The stock has a great record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of th ...
EverQuote (EVER) Surges 5.4%: Is This an Indication of Further Gains?
ZACKS· 2025-03-18 11:50
Company Overview - EverQuote (EVER) shares increased by 5.4% to close at $28.05, with a notable volume of shares traded, reflecting a 22.7% gain over the past four weeks [1] - The company is expected to benefit from its exclusive data assets, technology, focus on core P&C markets, streamlined operations, and strong financial profile, positioning it for long-term growth [1] Financial Performance - EverQuote anticipates revenues between $155 million and $160 million for Q1 2025, supported by solid performances in automotive and other insurance verticals [2] - The company is projected to report quarterly earnings of $0.32 per share, representing a year-over-year increase of 540%, with revenues expected to reach $158.08 million, up 73.6% from the previous year [4] - Lower advertising costs and increased revenue per quote request are expected to enhance variable marketing dollars (VMD), a key business metric [3] Earnings Estimates and Market Sentiment - The consensus EPS estimate for EverQuote has been revised 100% higher in the last 30 days, indicating a positive trend that typically correlates with stock price appreciation [5] - EverQuote holds a Zacks Rank of 1 (Strong Buy), suggesting strong market sentiment towards the stock [5] Industry Context - EverQuote operates within the Zacks Insurance - Multi line industry, where another company, Fidelis Insurance Holdings (FIHL), has seen a decline of 6.6% over the past month [5] - In contrast, Fidelis Insurance's EPS estimate has decreased by 164.2% over the past month, indicating a negative outlook compared to EverQuote [6]
Wall Street Analysts See a 27.13% Upside in EverQuote (EVER): Can the Stock Really Move This High?
ZACKS· 2025-03-17 14:55
Group 1: Stock Performance and Price Targets - EverQuote (EVER) shares have increased by 22.7% over the past four weeks, closing at $26.61, with a mean price target of $33.83 indicating a potential upside of 27.1% [1] - The mean estimate consists of six short-term price targets with a standard deviation of $2.99, where the lowest estimate of $29 suggests a 9% increase, and the highest estimate of $38 indicates a 42.8% surge [2] - A tight clustering of price targets, represented by a low standard deviation, suggests a high degree of agreement among analysts regarding the stock's price movement [7] Group 2: Earnings Estimates and Analyst Consensus - Analysts have shown increasing optimism about EverQuote's earnings prospects, as indicated by a strong agreement in revising EPS estimates higher, which correlates with potential stock price increases [9] - The Zacks Consensus Estimate for the current year has risen by 46.1% over the past month, with six estimates increasing and no negative revisions [10] - EverQuote currently holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimates [11] Group 3: Analyst Behavior and Price Target Reliability - Analysts often set overly optimistic price targets due to business incentives, which can lead to inflated estimates [6] - Empirical research indicates that price targets set by analysts rarely reflect the actual price direction of a stock, suggesting that investors should approach these targets with skepticism [5][8] - While consensus price targets may not be reliable for predicting stock gains, they can provide a directional guide for further research [12]