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EverCommerce (EVCM)
NASDAQ:EVCM
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Earnings Data
Report Date
Mar 12, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.01Last Year’s EPS
$0.11Same Quarter Last Year
Moderate Buy
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 12, 2024
|% Change Since: -6.76%
|Next Earnings Date:Mar 12, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted positive trends such as exceeding revenue and EBITDA expectations, strong pro forma growth, and significant progress in customer growth and payments revenue. However, challenges in the Marketing Technology Solutions revenue and a dip in net revenue retention due to past pricing actions were notable concerns.Company Guidance
During the EverCommerce Q3 2024 earnings call, the company provided guidance and highlighted several key metrics that illustrate its financial and operational performance. The reported revenue for the third quarter was $176.3 million, reflecting a 0.9% year-over-year increase, with subscription and transaction revenue at $137.6 million, up 3.7%, despite a 6.7% decline in marketing technology solutions revenue. On a pro forma basis, accounting for the sale of fitness solutions, revenue increased by 4.3% year-over-year. Adjusted EBITDA for the quarter was $44.5 million, surpassing the guidance range, with a 25.3% margin and a 140 basis point expansion year-over-year. Payments revenue, excluding fitness solutions, grew by 6.7%, driven by an 8.4% increase in total payment volume (TPV) to over $12.4 billion annually. The company ended the quarter with $679.2 million in LTM revenue, marking a 5.1% year-over-year growth on a pro forma basis, while subscription and transaction revenue grew by 8.6% on the same basis. EverCommerce's focus on transformation and optimization initiatives is expected to drive long-term growth and profitability, as evidenced by the hiring of a new leader for the EverPro vertical and efforts to enhance cross-sell and upsell opportunities. For Q4 2024, EverCommerce anticipates revenue between $168 million and $172 million and adjusted EBITDA ranging from $43 million to $46 million.Revenue and EBITDA Exceed Expectations
Third quarter revenue exceeded the top end of the guidance range, with GAAP revenue increasing 0.9% year-over-year. Adjusted EBITDA was $44.5 million, representing a 25.3% margin, and beat the top end of the guidance range with a year-over-year margin expansion of 140 basis points.
Pro Forma Revenue Growth
On a pro forma basis, revenue increased 4.3% year-over-year, and subscription and transaction revenue grew 8.6% year-over-year.
Payments Revenue Growth
Payments revenue, excluding the Fitness solutions, grew 6.7% year-over-year, driven by an 8.4% growth in Total Payment Volume (TPV).
Customer Growth and Utilization
Approximately 212,000 customers were enabled for more than one solution, reflecting 25% year-over-year growth. 88,000 customers were actively utilizing more than one solution, reflecting 13% year-over-year growth.
Free Cash Flow and Leverage
Levered free cash flow was $23 million in the quarter, with more than $80 million generated in the trailing 12 months. The company ended the quarter with $102 million in cash and a net leverage ratio of approximately 2.5x.
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EVCM 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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EVCM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | $11.98 | $11.14 | -7.01% |
| Aug 06, 2024 | $10.58 | $10.02 | -5.29% |
| May 09, 2024 | $9.69 | $10.09 | +4.13% |
| Mar 14, 2024 | $9.35 | $8.45 | -9.63% |
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 EverCommerce (EVCM) report earnings?
EverCommerce (EVCM) is schdueled to report earning on Mar 12, 2025, TBA Not Confirmed.
What is EverCommerce (EVCM) earnings time?
EverCommerce (EVCM) earnings time is at Mar 12, 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 EVCM EPS forecast?
EVCM EPS forecast for the fiscal quarter 2024 (Q4) is -$0.01.
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