EverQuote (EVER) reported earnings 30 days ago. What's next for the stock?
EVER, INOD, PJT and GCT make the cut as top liquid stocks, with each boasting strong liquidity, growth attributes and operational efficiency.
The consensus price target hints at a 41.8% upside potential for EverQuote (EVER). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
Does EverQuote (EVER) have what it takes to be a top stock pick for momentum investors? Let's find out.
EverQuote (EVER) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
EverQuote (EVER) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
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EverQuote is emerging from its subscale phase, leveraging operating scale and market tailwinds for sustained double-digit revenue growth. EveQuote's profitability is driven by scale, with high operating leverage turning incremental revenue into outsized profit gains as gross profit margin and fixed cost margin remain stable. Compared to peers, EverQuote now boasts superior capital structure, improving efficiency, and a credible path to peer-level or better returns.
EverQuote's strong Q3 beat on earnings and revenues is powered by double-digit growth in the Automotive and Home insurance segments.
The mean of analysts' price targets for EverQuote (EVER) points to a 48% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
EverQuote remains a "Buy" after a strong post-Q3 earnings rally that demonstrated continued strong demand among auto carriers for new policy switchers. EVER trades at a compelling 6.7x FY26 EV/EBITDA, with accelerating profitability and a large $7 billion TAM in digital insurance advertising. Q3 revenue grew 20% y/y, beating expectations, while adjusted EBITDA rose 33% y/y, highlighting operational leverage and successful cross-selling initiatives.
EverQuote (EVER) came out with quarterly earnings of $0.5 per share, beating the Zacks Consensus Estimate of $0.37 per share. This compares to earnings of $0.31 per share a year ago.