Online insurance comparison site EverQuote (NASDAQ: EVER) will be reporting earnings this Monday after market hours. Here’s what to expect.
EverQuote beat analysts’ revenue expectations last quarter, reporting revenues of $195.3 million, up 32.5% year on year. It was a mixed quarter for the company, with a solid beat of analysts’ EBITDA estimates but revenue guidance for next quarter missing analysts’ expectations significantly.
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 8.3% year on year, slowing from the 83% increase it recorded in the same quarter last year.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. EverQuote rarely misses Wall Street’s revenue estimates.
Looking at EverQuote’s peers in the online marketplace segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Etsy delivered year-on-year revenue growth of 3.1%, beating analysts’ expectations by 2.4%, and eBay reported revenues up 19.5%, topping estimates by 1.7%. Etsy’s stock price was unchanged after the resultsand eBay’s price followed a similar reaction.
Read our full analysis of Etsy’s results here and eBay’s results here.
There has been positive sentiment among investors in the online marketplace segment, with share prices up 11.1% on average over the last month. EverQuote is down 3.8% during the same time and is heading into earnings with an average analyst price target of $24.17 (compared to the current share price of $14.89).
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