EverQuote Sees Q1 Revenue $78M-$82M Vs $65.13M Est.
Portfolio Pulse from Benzinga Newsdesk
EverQuote projects Q1 revenue to be between $78M-$82M, surpassing the estimated $65.13M. The forecast includes a variable marketing margin of $26M-$28M and an Adjusted EBITDA of $3M-$5M. The company has not reconciled its non-GAAP measure, Adjusted EBITDA, to the GAAP measure due to the inability to quantify certain expenses.
February 26, 2024 | 9:19 pm
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POSITIVE IMPACT
EverQuote anticipates Q1 revenue between $78M-$82M, exceeding expectations. Adjusted EBITDA projected at $3M-$5M.
EverQuote's projection of higher than expected Q1 revenue and a positive Adjusted EBITDA range suggests a strong financial performance. This is likely to positively impact investor sentiment and the stock price in the short term, as it indicates growth and operational efficiency.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100