EverCommerce Sees Q4 Revenue $170M-$174M Vs $181.46M Est.; FY23 Revenue $676M-$680M Vs $688.85M Est.
Portfolio Pulse from Benzinga Newsdesk
EverCommerce has issued its financial guidance for Q4 and full year 2023. The company expects Q4 revenue to be between $170M-$174M, lower than the estimated $181.46M. For FY23, the revenue is projected to be in the range of $676M-$680M, also lower than the estimated $688.85M. Adjusted EBITDA for Q4 is expected to be between $35.5M-$39.5M, and for FY23, it's expected to be between $148M-$152M.
November 06, 2023 | 10:07 pm
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EverCommerce's lower than expected revenue projections for Q4 and FY23 may negatively impact its stock price in the short term.
Investors often react to a company's earnings guidance. In this case, EverCommerce's projected revenues for Q4 and FY23 are lower than estimates, which could lead to a negative sentiment among investors and potentially a decrease in the stock price.
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