We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
EverQuote (EVER) Surges 5.4%: Is This an Indication of Further Gains?
Read MoreHide Full Article
EverQuote (EVER - Free Report) shares soared 5.4% in the last trading session to close at $28.05. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 22.7% gain over the past four weeks.
EverQuote is set to grow on benefit from its exclusive data asset and technology, intensified focus on core P&C markets, streamlined operations and a strong financial profile that poise it for long-term growth.
Solid performances at automotive and other insurance verticals, given auto carrier recovery and growth in revenue per quote request, bode well. EverQuote expects revenues between $155 million and $160 million in the first quarter of 2025.
Lower advertising costs coupled with growth in revenue per quote request should poise the company to deliver improved variable marketing dollars (VMD), one of the primary metrics for managing business. Also, EVER boasts a debt free balance sheet with cash balance improving over the last three years.
This company is expected to post quarterly earnings of $0.32 per share in its upcoming report, which represents a year-over-year change of +540%. Revenues are expected to be $158.08 million, up 73.6% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For EverQuote, the consensus EPS estimate for the quarter has been revised 100% higher over the last 30 days to the current level. And a positive trend in earnings estimate revision usually translates into price appreciation. So, make sure to keep an eye on EVER going forward to see if this recent jump can turn into more strength down the road.
EverQuote belongs to the Zacks Insurance - Multi line industry. Another stock from the same industry, Fidelis Insurance Holdings (FIHL - Free Report) , closed the last trading session 2.8% higher at $15.56. Over the past month, FIHL has returned -6.6%.
For Fidelis Insurance, the consensus EPS estimate for the upcoming report has changed -164.2% over the past month to -$0.52. This represents a change of -170.3% from what the company reported a year ago. Fidelis Insurance currently has a Zacks Rank of #5 (Strong Sell).
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
EverQuote (EVER) Surges 5.4%: Is This an Indication of Further Gains?
EverQuote (EVER - Free Report) shares soared 5.4% in the last trading session to close at $28.05. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 22.7% gain over the past four weeks.
EverQuote is set to grow on benefit from its exclusive data asset and technology, intensified focus on core P&C markets, streamlined operations and a strong financial profile that poise it for long-term growth.
Solid performances at automotive and other insurance verticals, given auto carrier recovery and growth in revenue per quote request, bode well. EverQuote expects revenues between $155 million and $160 million in the first quarter of 2025.
Lower advertising costs coupled with growth in revenue per quote request should poise the company to deliver improved variable marketing dollars (VMD), one of the primary metrics for managing business. Also, EVER boasts a debt free balance sheet with cash balance improving over the last three years.
This company is expected to post quarterly earnings of $0.32 per share in its upcoming report, which represents a year-over-year change of +540%. Revenues are expected to be $158.08 million, up 73.6% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For EverQuote, the consensus EPS estimate for the quarter has been revised 100% higher over the last 30 days to the current level. And a positive trend in earnings estimate revision usually translates into price appreciation. So, make sure to keep an eye on EVER going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
EverQuote belongs to the Zacks Insurance - Multi line industry. Another stock from the same industry, Fidelis Insurance Holdings (FIHL - Free Report) , closed the last trading session 2.8% higher at $15.56. Over the past month, FIHL has returned -6.6%.
For Fidelis Insurance, the consensus EPS estimate for the upcoming report has changed -164.2% over the past month to -$0.52. This represents a change of -170.3% from what the company reported a year ago. Fidelis Insurance currently has a Zacks Rank of #5 (Strong Sell).