EverCommerce (EVCM) Set to Announce Earnings on Thursday

EverCommerce (NASDAQ:EVCM) is set to announce its earnings results after the market closes on Thursday, May 9th. Analysts expect the company to announce earnings of ($0.06) per share for the quarter. EverCommerce has set its FY 2024 guidance at EPS and its Q1 2024 guidance at EPS.Investors that are interested in registering for the company’s conference call can do so using this link.

EverCommerce (NASDAQ:EVCM) last issued its quarterly earnings data on Thursday, March 14th. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.10). The company had revenue of $169.44 million for the quarter, compared to the consensus estimate of $172.41 million. EverCommerce had a negative net margin of 6.75% and a negative return on equity of 5.35%. On average, analysts expect EverCommerce to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

EverCommerce Stock Performance

Shares of EverCommerce stock opened at $9.97 on Wednesday. The company has a market capitalization of $1.86 billion, a PE ratio of -43.35 and a beta of 1.05. The company has a 50-day simple moving average of $9.20 and a two-hundred day simple moving average of $9.56. EverCommerce has a one year low of $6.22 and a one year high of $13.47. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.53 and a current ratio of 1.53.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Barclays reduced their price objective on shares of EverCommerce from $10.00 to $9.00 and set an “equal weight” rating for the company in a research note on Friday, March 15th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $10.00 price objective (down previously from $11.00) on shares of EverCommerce in a research report on Friday, March 15th. JMP Securities reaffirmed a “market outperform” rating and set a $12.00 target price on shares of EverCommerce in a research report on Friday, March 15th. Royal Bank of Canada decreased their price target on EverCommerce from $12.00 to $11.00 and set an “outperform” rating for the company in a research note on Friday, March 15th. Finally, Piper Sandler restated a “neutral” rating and set a $10.00 price target on shares of EverCommerce in a research note on Friday, March 15th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $11.13.

Insider Buying and Selling at EverCommerce

In other EverCommerce news, CEO Eric Richard Remer sold 3,794 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $9.61, for a total value of $36,460.34. Following the sale, the chief executive officer now owns 1,305,407 shares in the company, valued at approximately $12,544,961.27. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last ninety days, insiders sold 22,345 shares of company stock worth $209,568. Company insiders own 11.50% of the company’s stock.

EverCommerce Company Profile

EverCommerce Inc, together with its subsidiaries, provides integrated software-as-a-service solutions for service-based small and medium sized businesses in the United States and internationally. The company's solutions include business management software that offers route-based dispatching, medical practice management, and gym member management solutions; billing and payment solutions comprising e-invoicing, mobile payments, and integrated payment processing; customer experience solution, which include reputation management and messaging solutions; and marketing technology solutions that cover websites, hosting, and digital lead generation.