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Strength Seen in EverQuote (EVER): Can Its 6.9% Jump Turn into More Strength?
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EverQuote (EVER - Free Report) shares soared 6.9% in the last trading session to close at $23.2. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 14.9% gain over the past four weeks.
EverQuote remains supported by its proprietary data asset and AI-driven marketplace, the long-term shift of P&C customer acquisition to online channels, and a carrier environment focused on growing policies in force. First-quarter results showed continued revenue growth, higher variable marketing dollars and record adjusted EBITDA. Management guided another year-over-year step-up in the second quarter, with home and renters continuing to grow faster. The company boasts a debt-free balance sheet and rising cash and has an active repurchase plan.
This company is expected to post quarterly earnings of $0.66 per share in its upcoming report, which represents a year-over-year change of +69.2%. Revenues are expected to be $190.57 million, up 21.7% 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 remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. 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 is a member of the Zacks Internet - Software industry. One other stock in the same industry, Cloudflare (NET - Free Report) , finished the last trading session 4.7% higher at $237.24. NET has returned -0.6% over the past month.
Cloudflare's consensus EPS estimate for the upcoming report has changed +38.2% over the past month to $0.27. Compared to the company's year-ago EPS, this represents a change of +28.6%. Cloudflare currently boasts a Zacks Rank of #2 (Buy).
View the Zacks #1 Rank List
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Strength Seen in EverQuote (EVER): Can Its 6.9% Jump Turn into More Strength?
EverQuote (EVER - Free Report) shares soared 6.9% in the last trading session to close at $23.2. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 14.9% gain over the past four weeks.
EverQuote remains supported by its proprietary data asset and AI-driven marketplace, the long-term shift of P&C customer acquisition to online channels, and a carrier environment focused on growing policies in force. First-quarter results showed continued revenue growth, higher variable marketing dollars and record adjusted EBITDA. Management guided another year-over-year step-up in the second quarter, with home and renters continuing to grow faster. The company boasts a debt-free balance sheet and rising cash and has an active repurchase plan.
This company is expected to post quarterly earnings of $0.66 per share in its upcoming report, which represents a year-over-year change of +69.2%. Revenues are expected to be $190.57 million, up 21.7% 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 remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. 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 #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
EverQuote is a member of the Zacks Internet - Software industry. One other stock in the same industry, Cloudflare (NET - Free Report) , finished the last trading session 4.7% higher at $237.24. NET has returned -0.6% over the past month.
Cloudflare's consensus EPS estimate for the upcoming report has changed +38.2% over the past month to $0.27. Compared to the company's year-ago EPS, this represents a change of +28.6%. Cloudflare currently boasts a Zacks Rank of #2 (Buy).