EverQuote (EVER) Q3 Earnings and Revenues Top Estimates

Core Insights - EverQuote (EVER) reported quarterly earnings of $0.31 per share, exceeding the Zacks Consensus Estimate of $0.19 per share, and a significant improvement from a loss of $0.40 per share a year ago, representing an earnings surprise of 63.16% [1] - The company achieved revenues of $144.53 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 2.94% and showing a substantial increase from $55.01 million in the same quarter last year [2] - EverQuote has consistently outperformed consensus EPS and revenue estimates over the last four quarters, indicating strong operational performance [2] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.15 on revenues of $124.89 million, while for the current fiscal year, the estimate is $0.57 on revenues of $473.5 million [7] - The trend of estimate revisions for EverQuote is favorable, contributing to a Zacks Rank 1 (Strong Buy) for the stock, suggesting expected outperformance in the near future [6] Industry Context - The Insurance - Multi line industry, to which EverQuote belongs, is currently ranked in the top 36% of over 250 Zacks industries, indicating a favorable industry outlook [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]