Evercommerce Inc. (EVCM)
NASDAQ (NGS) NASDAQ (NGS) Primary 
EverCommerce Inc. (EVCM) Q3 2024 Earnings Call Transcript
EverCommerce Inc. (NASDAQ:EVCM ) Q3 2024 Earnings Conference Call November 12, 2024 5:00 PM ET Company Participants Brad Korch - SVP and Head, IR Eric Remer - Chairman and CEO Ryan Siurek - CFO Evan Berlin - CCO Matt Feierstein - President Conference Call Participants Matt Hedberg - RBC Eamon Coughlin - Barclays DJ Hynes - Canaccord Alex Sklar - Raymond James Aaron Kimson - Citizens JMP Clarke Jeffries - Piper Sandler Bill McNamara - Evercore ISI Operator Thank you for standing by, and welcome to the EverCommerce's Third Quarter 2024 Earnings Call. My name is Stacey, and I will be your operator for today.
EverCommerce price target raised to $12 from $10 at Jefferies
Jefferies raised the firm's price target on EverCommerce to $12 from $10 and keeps a Hold rating on the shares. The company's Q3 results beat consensus on total revenue and adjusted EBITDA, but its key metrics remained subdued as net revenue retention declined to 96% on a last-12-month basis and Payments revenue growth decelerated, the analyst tells investors in a research note. EverCommerce management sounded positive on the operational transformation strategy and the cross-sell opportunity, but investors will likely remain on the sidelines until the company delivers on revenue re-acceleration, the firm added.
Compared to Estimates, EverCommerce (EVCM) Q3 Earnings: A Look at Key Metrics
While the top- and bottom-line numbers for EverCommerce (EVCM) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
EverCommerce (EVCM) Reports Q3 Loss, Tops Revenue Estimates
EverCommerce (EVCM) came out with a quarterly loss of $0.05 per share versus the Zacks Consensus Estimate of a loss of $0.01. This compares to break-even earnings per share a year ago.
Compared to Estimates, EverCommerce (EVCM) Q2 Earnings: A Look at Key Metrics
The headline numbers for EverCommerce (EVCM) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
EverCommerce (EVCM) Reports Q2 Loss, Tops Revenue Estimates
EverCommerce (EVCM) came out with a quarterly loss of $0.02 per share versus the Zacks Consensus Estimate of a loss of $0.01. This compares to earnings of $0.03 per share a year ago.
