Online insurance comparison site EverQuote (NASDAQ:EVER) will be reporting results tomorrow afternoon. Here’s what you need to know.
EverQuote beat analysts’ revenue expectations by 2.9% last quarter, reporting revenues of $144.5 million, up 163% year on year. It was a very strong quarter for the company, with EBITDA guidance for next quarter exceeding analysts’ expectations.
Is EverQuote a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting EverQuote’s revenue to grow 141% year on year to $134 million, a reversal from the 36.9% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.39 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. EverQuote has missed Wall Street’s revenue estimates three times over the last two years.
Looking at EverQuote’s peers in the online marketplace segment, some have already reported their Q4 results, giving us a hint as to what we can expect. ACV Auctions delivered year-on-year revenue growth of 34.8%, beating analysts’ expectations by 2.4%, and The RealReal reported revenues up 14.4%, in line with consensus estimates. ACV Auctions traded down 9.8% following the results while The RealReal was also down 19%.
Read our full analysis of ACV Auctions’s results here and The RealReal’s results here.
Investors in the online marketplace segment have had fairly steady hands going into earnings, with share prices down 1.3% on average over the last month. EverQuote is up 2.9% during the same time and is heading into earnings with an average analyst price target of $31.17 (compared to the current share price of $21.50).
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