EverCommerce Q4 EPS $(0.12) Misses $0.13 Estimate, Sales $169.44M Miss $172.41M Estimate
Portfolio Pulse from Benzinga Newsdesk
EverCommerce (NASDAQ:EVCM) reported Q4 earnings with a loss of $(0.12) per share, missing the analyst consensus estimate of $0.13. Quarterly sales were $169.44M, also missing the estimate of $172.41M. This represents a 33.33% decrease in losses per share and a 4.72% increase in sales compared to the same period last year.
March 14, 2024 | 8:06 pm
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NEGATIVE IMPACT
EverCommerce reported a significant miss in both EPS and sales estimates for Q4, with a decrease in losses per share and an increase in sales year-over-year.
Missing both EPS and sales estimates significantly, especially when the market expected a positive EPS, is likely to negatively impact investor sentiment and the stock price in the short term. The year-over-year improvement in sales might provide some buffer, but the miss on expectations is a strong negative signal.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100