Online insurance comparison site EverQuote (NASDAQ: EVER) will be reporting results this Monday after market close. Here’s what investors should know.
EverQuote beat analysts’ revenue expectations last quarter, reporting revenues of $190.9 million, up 14.5% year on year. It was a stunning quarter for the company, with EBITDA guidance for next quarter exceeding analysts’ expectations and a solid beat of analysts’ EBITDA estimates.
Is EverQuote a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting EverQuote’s revenue to grow 21.5% year on year, slowing from the 33.7% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. EverQuote rarely misses Wall Street’s revenue estimates.
Looking at EverQuote’s peers in the consumer internet segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Teladoc’s revenues decreased 4% year on year, missing analysts’ expectations by 1.3%, and Alphabet reported revenues up 24.2%, topping estimates by 2.2%. Teladoc traded down 28.1% following the results while Alphabet was also down 7.1%.
Read our full analysis of Teladoc’s results here and Alphabet’s results here.
In the last twelve months or so, the market has shifted its attention from one area of macro importance to the next (AI disintermediation and AI capex spending to geopolitical conflict, rates, and whether the economy is on solid footing or not). While some of the consumer internet stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 4.2% on average over the last month. EverQuote is down 5.9% during the same time and is heading into earnings with an average analyst price target of $26.20 (compared to the current share price of $25.22).
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