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EverQuote Inc (EVER)
NASDAQ:EVER
Holding EVER?
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Earnings Data
Report Date
Mar 03, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.19Last Year’s EPS
-$0.19Same Quarter Last Year
Strong Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 04, 2024
|% Change Since: 0.23%
|Next Earnings Date:Mar 03, 2025
Earnings Call Sentiment|Positive
The earnings call for EverQuote's Q3 2024 was largely positive, with record-breaking revenues, net income, and adjusted EBITDA, alongside significant growth in both the auto and home insurance verticals. Technological advancements were also highlighted. However, the call acknowledged some challenges, such as upcoming regulatory changes and expected seasonal revenue declines. The positive highlights significantly outweigh the lowlights.Company Guidance
During EverQuote's Q3 2024 earnings call, the company reported impressive financial performance, exceeding guidance in key metrics such as total revenue, variable marketing margin (VMM), and adjusted EBITDA, all reaching record levels. Total revenue surged to $144.5 million, an increase of 163% year-over-year, driven by a substantial rise in enterprise carrier spend and a 30% growth in agency operations. The auto insurance vertical alone generated $130 million, up over 200%, while the home and renters insurance vertical grew by 30% to $14.1 million. The VMM was reported at $43.9 million, up 125% from the previous year, maintaining a strong percentage of 30.4% of revenue. The company also achieved record net income of $11.6 million and adjusted EBITDA of $18.8 million, with operating cash flow reaching $23.6 million. Looking ahead, EverQuote provided guidance for Q4 2024 with anticipated revenue between $131 million and $136 million, VMM between $38 million and $40 million, and adjusted EBITDA between $14 million and $16 million, reflecting a cautious yet optimistic outlook amidst upcoming regulatory changes.Record-Breaking Revenue and Growth
EverQuote reported total revenues of $144.5 million for Q3 2024, up 163% from the prior year period, with revenue from the auto insurance vertical increasing over 200% year-over-year.
Record Net Income and Adjusted EBITDA
The company achieved record net income of $11.6 million and adjusted EBITDA of $18.8 million, an improvement from a loss of $1.9 million in the prior year period.
Strong Performance in Home Insurance Vertical
Revenue from the home and renters insurance vertical grew to $14.1 million in Q3, up 30% year-over-year.
Cash Flow and Financial Position
EverQuote delivered operating cash flow of $23.6 million for Q3, ending the period with no debt and cash and cash equivalents of $82.8 million, up from $60.9 million in Q2 2024.
Technological Advancements
Completed transition to new site platforms and major release of a new agent platform, enhancing development speed and ability to roll out new features.
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EVER Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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EVER Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 04, 2024 | $17.31 | $18.01 | +4.04% |
| Aug 05, 2024 | $23.96 | $26.80 | +11.85% |
| May 06, 2024 | $21.36 | $25.29 | +18.40% |
| Feb 26, 2024 | $17.14 | $17.63 | +2.86% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does EverQuote Inc (EVER) report earnings?
EverQuote Inc (EVER) is schdueled to report earning on Mar 03, 2025, TBA Not Confirmed.
What is EverQuote Inc (EVER) earnings time?
EverQuote Inc (EVER) earnings time is at Mar 03, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is EVER EPS forecast?
EVER EPS forecast for the fiscal quarter 2024 (Q4) is $0.19.
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