Earnings Estimates Rising for EverQuote (EVER): Will It Gain?

Core Viewpoint - EverQuote (EVER) is positioned as a strong investment opportunity due to significant revisions in earnings estimates, indicating a positive earnings outlook that may continue to drive stock gains [1][10]. Estimate Revisions - The upward trend in earnings estimate revisions reflects increasing analyst optimism regarding EverQuote's earnings prospects, which is expected to positively influence its stock price [2]. - The Zacks Rank system, which categorizes stocks from 1 (Strong Buy) to 5 (Strong Sell), has shown that stocks ranked 1 have historically outperformed, with an average annual return of +25% since 2008 [3]. - There is a strong consensus among analysts to raise earnings estimates for EverQuote, leading to a significant increase in consensus estimates for both the next quarter and the full year [3]. Current-Quarter Estimates - For the current quarter, EverQuote is projected to earn $0.35 per share, reflecting a year-over-year increase of +6.1% [6]. - The Zacks Consensus Estimate for the current quarter has risen by 5.61% over the past 30 days, with four estimates increasing and no negative revisions [6]. Current-Year Estimates - The full-year earnings estimate stands at $1.38 per share, representing a substantial year-over-year change of +56.8% [7]. - The consensus estimate for the current year has also increased by 5.2%, supported by four upward revisions and no negative changes [8]. Zacks Rank - EverQuote currently holds a Zacks Rank 1 (Strong Buy), indicating strong potential for stock performance based on favorable estimate revisions [9]. - Research indicates that stocks with Zacks Rank 1 and 2 significantly outperform the S&P 500 [9]. Bottom Line - EverQuote has experienced a 9.2% stock gain over the past four weeks, driven by solid estimate revisions, suggesting it may be a timely addition to investment portfolios [10].