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 ...

Even though momentum is a popular stock characteristic, it can be tough to define. Debate surrounding which are the best and worst metrics to focus on is lengthy, but the Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us. Set to Beat the Market? Investors should also take note of EVER's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is g ...

The average comprises six short-term price targets ranging from a low of $29 to a high of $30, with a standard deviation of $0.42. While the lowest estimate indicates an increase of 32.4% from the current price level, the most optimistic estimate points to a 36.9% upside. More than the range, one should note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts. However, an impressive consensus price ...

Core Viewpoint - The article discusses the Zacks Rank and Style Scores, which are tools designed to help investors identify stocks with high potential for outperforming the market, particularly focusing on the case of EverQuote (EVER) as a strong investment opportunity. Zacks Rank and Style Scores - The Zacks Rank is a proprietary stock-rating model that utilizes earnings estimate revisions to help investors build successful portfolios [9] - Stocks are rated from 1 (Strong Buy) to 5 (Strong Sell), with 1 stocks producing an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [10] - The Style Scores categorize stocks based on value, growth, and momentum, providing additional insights to complement the Zacks Rank [4][11] Value, Growth, and Momentum Scores - Value Style Score identifies attractive stocks using ratios like P/E and Price/Cash Flow, focusing on finding undervalued stocks [5] - Growth Style Score assesses a company's future prospects through projected earnings and sales growth, targeting stocks with sustainable growth [6] - Momentum Style Score evaluates price trends and earnings outlook changes to identify favorable buying opportunities [7] VGM Score - The VGM Score combines the three Style Scores (Value, Growth, Momentum) to help investors find stocks with the best overall characteristics [8] EverQuote (EVER) Overview - EverQuote is an online insurance marketplace founded in 2011, focusing on auto, home, renters, and life insurance [14] - The company holds a 2 (Buy) rating on the Zacks Rank and has a VGM Score of B, indicating strong potential for growth [15] - EVER is forecasted to achieve year-over-year earnings growth of 103.3% for the current fiscal year, with upward revisions from six analysts in the last 60 days [15] - The Zacks Consensus Estimate for EVER has increased by $0.47 to $0.05 per share, and the company has an average earnings surprise of 65.2% [15][16]

How to Determine if a Stock is Oversold could reverse soon for reaching the old equilibrium of supply and demand. EverQuote (EVER) has been on a downward spiral lately with significant selling pressure. After declining 20.9% over the past four weeks, the stock looks well positioned for a trend reversal as it is now in oversold territory and there is strong agreement among Wall Street analysts that the company will report better earnings than they predicted earlier. We use Relative Strength Index (RSI), one ...

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both. The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. It also includes access to the Zacks Style Scores. What are the Zacks Style Scores? The Z ...

Image Source: Zacks Investment Research This multi-line insurer carries a Zacks Rank #2 (Buy) at present. The company's earnings beat estimates in each of the trailing four quarters, delivering an average surprise of 65.16%. The Zacks Consensus Estimate for EverQuote's 2024 earnings per share indicates a year-over-year increase of 102.6%. The consensus estimate for revenues is pegged at $385.39 million, implying a year-over-year improvement of 33.8%. EVER has a VGM Score of B. VGM Score helps identify stock ...