Can EverQuote (EVER) Run Higher on Rising Earnings Estimates?

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].