Online insurance comparison site EverQuote (NASDAQ: EVER) will be reporting earnings this Monday afternoon. Here’s what investors should know.
EverQuote beat analysts’ revenue expectations by 5.2% last quarter, reporting revenues of $166.6 million, up 83% year on year. It was an exceptional quarter for the company, with EBITDA guidance for next quarter exceeding analysts’ expectations and an impressive beat of analysts’ EBITDA estimates.
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 33.9% year on year to $156.9 million, slowing from the 72.3% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.51 per share.
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 has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 7.8% on average.
Looking at EverQuote’s peers in the online marketplace segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Shutterstock delivered year-on-year revenue growth of 21.3%, beating analysts’ expectations by 7.5%, and eBay reported revenues up 6.1%, topping estimates by 3.1%. Shutterstock’s stock price was unchanged after the resultswhile eBay was up 18.5%.
Read our full analysis of Shutterstock’s results here and eBay’s results here.
Investors in the online marketplace segment have had steady hands going into earnings, with share prices flat over the last month. EverQuote is up 2.3% during the same time and is heading into earnings with an average analyst price target of $34.17 (compared to the current share price of $25.30).
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