Company Overview - EverQuote, founded in 2011 and headquartered in Cambridge, MA, operates as an online insurance marketplace, providing consumers with options for auto, home, renters, and life insurance [11]. - The company is incorporated in Delaware and primarily reports two main verticals: Auto and Home and Renters [11]. Investment Ratings - EverQuote currently holds a Zacks Rank of 2 (Buy) and has a VGM Score of B, indicating a favorable investment outlook [11]. - The company has a Momentum Style Score of B, with shares increasing by 2% over the past four weeks [12]. Earnings Estimates - In the last 60 days, six analysts have revised their earnings estimates upwards for fiscal 2024, with the Zacks Consensus Estimate rising from $0.52 to $0.57 per share [12]. - EverQuote has demonstrated an impressive average earnings surprise of 144.9%, highlighting its potential for exceeding market expectations [12]. Investment Considerations - With a solid Zacks Rank and strong Momentum and VGM Style Scores, EverQuote is positioned as a noteworthy option for investors seeking potential growth [12].

A month has gone by since the last earnings report for EverQuote (EVER) . Shares have lost about 16.9% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is EverQuote due for a breakout? 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. EverQuote Q2 Earnings Top on Solid Automotive Revenues ...

Shares of EverQuote (EVER) have gained 3.1% over the past four weeks to close the last trading session at $24.70, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $34.42 indicates a potential upside of 39.4%. The mean estimate comprises six short-term price targets with a standard deviation of $2.80. While the lowest estimate of $30 indicates a 21.5% increase from the current pri ...

EverQuote, Inc.'s (EVER) shares have rallied 297.1% over the past year compared with the industry's growth of 26.9%. The Finance sector and the Zacks S&P 500 composite have returned 28% and 24.9%, respectively, in the same time frame. With a market capitalization of $866.58 million, the average volume of shares traded in the last three months was 0.5 million. EVER Outperforms Industry, Sector, S&P 500 Image Source: Zacks Investment Research The rally was largely driven by increasing consumer traffic, higher ...

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Core Viewpoint - EverQuote (EVER) shows potential as a strong investment opportunity due to significant revisions in earnings estimates, indicating an improving earnings outlook [1][3]. Estimate Revisions - The rising trend in earnings estimate revisions reflects growing analyst optimism regarding EverQuote's earnings prospects, which is expected to positively influence its stock price [2]. - For the current quarter, EverQuote is projected to earn $0.11 per share, marking a year-over-year increase of +127.5%. Over the last 30 days, the consensus estimate has surged by 6600% due to three upward revisions with no negative changes [4]. - For the full year, the earnings estimate is $0.35 per share, representing a year-over-year change of +122.73%. The consensus estimate has increased by 580.65% over the past month, with three estimates moving up and no negative revisions [5]. Zacks Rank - EverQuote currently holds a Zacks Rank 1 (Strong Buy), attributed to favorable estimate revisions. This ranking is based on a system that has historically shown strong performance, with Zacks 1 stocks averaging a +25% annual return since 2008 [3][6]. - Research indicates that stocks with Zacks Rank 1 and 2 significantly outperform the S&P 500, suggesting a strong investment potential for EverQuote [6]. Investment Outlook - The stock has appreciated by 12.4% over the past four weeks due to strong estimate revisions, indicating that further upside potential may exist, making it a candidate for portfolio addition [7].

Shares of EverQuote (EVER) have gained 12.4% over the past four weeks to close the last trading session at $24.30, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $32.75 indicates a potential upside of 34.8%. The mean estimate comprises six short-term price targets with a standard deviation of $3.76. While the lowest estimate of $29 indicates a 19.3% increase from the current pr ...

Core Insights - EverQuote, Inc. reported a significant rebound in its second-quarter 2024 operating net income per share, reaching 17 cents, which exceeded the Zacks Consensus Estimate by 325% and improved from a loss of 40 cents per share in the same quarter last year [1] - Total revenues for the quarter were $117 million, surpassing the Zacks Consensus Estimate by 13.6% and reflecting a year-over-year increase of 72.3% [1] Revenue Breakdown - Revenues from the Automotive insurance vertical doubled year over year to $102.6 million, significantly exceeding the Zacks Consensus Estimate of $85 million [3] - Home and Renters insurance revenues totaled $13.9 million, marking a 29.5% year-over-year increase and beating the Zacks Consensus Estimate of $13.2 million [3] - Revenues in the Other insurance vertical fell sharply by 91.6% year over year to $0.63 million, missing the Zacks Consensus Estimate of $0.84 million [4] Expense and Margin Analysis - Total costs and operating expenses rose by 36.2% to $110.8 million, primarily due to increased sales and marketing, as well as general and administrative expenses [4] - EverQuote's variable marketing margin increased by 47.9% year over year to $36.4 million, contrasting with previous estimates [5] Financial Position - At the end of the second quarter, EverQuote had cash and cash equivalents of $60.9 million, a 60.4% increase from the end of 2023 [6] - Total assets grew by 42.4% to $157.9 million, while total stockholders' equity increased by 24.6% to $100.8 million [6] - Cash from operations surged more than three-fold year over year to $12.4 million [6] Future Guidance - For the third quarter, EverQuote estimates revenues between $137 million and $143 million, with a variable marketing margin projected between $38.5 million and $41.5 million [7] - The company expects adjusted EBITDA to be in the range of $14 million to $17 million [7] Market Position - EverQuote currently holds a Zacks Rank 1 (Strong Buy), indicating a favorable outlook in the market [8]

Core Viewpoint - EverQuote's shares have increased significantly, with a 30% rise over the past month and a 105.5% increase since the beginning of the year, outperforming the Zacks Finance sector and the Zacks Insurance - Multi line industry [1] Valuation Metrics - The stock trades at a high valuation of 486.8X current fiscal year EPS estimates, compared to the peer industry average of 9.5X, and at 5X trailing cash flow versus an average of 8.6X for its peers [3] - EverQuote is expected to report earnings of $0.05 per share on revenues of $385.39 million for the current fiscal year, reflecting a 103.25% increase in EPS and a 33.85% increase in revenues [10] Earnings Performance - The company has consistently exceeded earnings expectations, reporting EPS of $0.05 against a consensus estimate of $-0.07 in its last earnings report, and beating revenue estimates by 12.77% [4] Zacks Style Scores - EverQuote has a Value Score of F, a Growth Score of A, and a Momentum Score of D, resulting in a combined VGM Score of B [11] - The stock currently holds a Zacks Rank of 2 (Buy), indicating favorable earnings estimate revisions from analysts [6] Future Outlook - For the next fiscal year, EverQuote is projected to earn $0.19 per share on revenues of $467.3 million, representing a year-over-year change of 270.01% in EPS and 21.25% in revenues [10] - Given its Zacks Rank and Style Scores, EverQuote appears to be positioned for potential further gains [12]

CAMBRIDGE, Mass., July 17, 2024 (GLOBE NEWSWIRE) -- EverQuote, Inc. (Nasdaq: EVER), a leading online insurance marketplace, today announced that it will report second quarter 2024 financial results after the market close on Monday, August 5, 2024. Management will host a conference call and webcast to discuss the Company's financial results, recent developments, and business outlook at 4:30 p.m. ET. | --- | --- | |------------|------------------------------| | | | | What: | | | When: | Monday, August 5, 2024 ...