EverQuote Sees Q4 2023 Revenue $47M-$52M Vs $48.59M Est.
Portfolio Pulse from Benzinga Newsdesk
EverQuote has provided its Q4 2023 outlook, expecting revenues to be in the range of $47M-$52M, compared to an estimate of $48.59M. The company also anticipates a Variable Marketing Margin of $16.5M-$18.5M and an Adjusted EBITDA of $(4.5)M-$(2.5)M. The company has not reconciled the non-GAAP measure Adjusted EBITDA to the GAAP measure net income due to inability to quantify certain amounts.
November 06, 2023 | 9:14 pm
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NEGATIVE IMPACT
EverQuote's projected Q4 2023 revenues are slightly below the estimated $48.59M, which could potentially impact the company's stock negatively in the short term.
EverQuote's projected revenues for Q4 2023 are slightly below the estimated $48.59M. This lower projection could lead to a negative sentiment among investors, potentially causing a short-term decrease in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100