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Here's Why EverQuote (EVER) is a Strong Momentum Stock
EverQuoteEverQuote(US:EVER) ZACKSยท2024-09-10 14:56

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].