EverCommerce Analysts Raise Their Forecasts After Upbeat Sales

Core Insights - EverCommerce Inc. reported first-quarter sales of $142.27 million, exceeding analyst expectations of $139.57 million, while earnings per share were 1 cent, below the consensus estimate of 3 cents [1][2] - The company anticipates second-quarter sales between $144.5 million and $147.5 million, slightly below market estimates of $145.93 million [2] Financial Performance - First-quarter sales of $142.27 million surpassed the analyst consensus estimate by approximately 1.5% [1] - Quarterly earnings per share of 1 cent missed the analyst consensus estimate by 2 cents [1] Management Commentary - CEO Eric Remer highlighted strong execution and active cost management as key drivers of performance, along with ongoing transformation and optimization initiatives [2] - Strategic investments in high-margin areas, including payments monetization and artificial intelligence, are part of the company's growth strategy [2] Stock Performance - Following the earnings announcement, EverCommerce shares increased by 2.4%, reaching a trading price of $11.26 [3] - Analysts adjusted their price targets for EverCommerce, with Canaccord Genuity raising it from $13 to $14 and Barclays increasing it from $9 to $11 [8]