EverQuote (NASDAQ:EVER) First Quarter 2024 Results

Key Financial Results

• Revenue: US$91.1m (down 17% from 1Q 2023).

• Net income: US$1.91m (up from US$2.53m loss in 1Q 2023).

• Profit margin: 2.1% (up from net loss in 1Q 2023).

• EPS: US$0.055 (up from US$0.077 loss in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

EverQuote Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 14%. Earnings per share (EPS) also surpassed analyst estimates.

Looking ahead, revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Interactive Media and Services industry in the US.

Performance of the American Interactive Media and Services industry.

The company's shares are up 25% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with EverQuote, and understanding these should be part of your investment process.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.