EverCommerce Expects Revenue Of $160.5M-$163.5M For Q1 (Est $173.048M), $676M-$696M For 2024 (Est $731.945M)
Portfolio Pulse from Benzinga Newsdesk
EverCommerce forecasts Q1 revenue of $160.5M-$163.5M, below the estimated $173.048M, and full-year 2024 revenue of $676M-$696M, under the $731.945M estimate. Adjusted EBITDA is expected to be $36M-$38M for Q1 and $167M-$176M for 2024.
March 14, 2024 | 8:16 pm
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NEGATIVE IMPACT
EverCommerce forecasts lower-than-expected revenues for Q1 and the full year 2024, with Adjusted EBITDA also provided.
The announcement of lower-than-expected revenue forecasts for both Q1 and the full year 2024 is likely to negatively impact investor sentiment towards EverCommerce. This is because revenue forecasts are a key indicator of a company's future growth and profitability. The fact that the forecasts are significantly below the estimates could lead to a decrease in stock price in the short term as investors adjust their expectations.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100