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Here's Why EverQuote (EVER) is a Strong Growth Stock
EverQuoteEverQuote(US:EVER) ZACKSยท2024-06-24 14:50

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]