NASDAQ$EVER

EverQuote Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Reported a strong first quarter with revenue growth and increased quote request volume.

EverQuote reported a 56% increase in revenue to $81.4 million, driven by an 80% increase in quote request volume. The company's variable marketing margin increased by 72% year-over-year, and they raised their full-year 2020 guidance.

  • Total revenue increased by 56% year-over-year to $81.4 million.
  • Automotive insurance vertical revenue increased by 50% to $67.6 million.
  • Revenue from other insurance verticals increased by 90% to $13.7 million.
  • Variable Marketing Margin increased by 72% to $23.8 million.

Headline financials

Total Revenue

$81.4M

Previous: $52.2M+55.8%
EPS (adj)

-$0.05

Previous: -$0.17+70.6%
Free Cash Flow

-$1.44M

Previous: -$4.38M+67.1%
Net Income

-$1.44M

Previous: -$4.38M+67.1%
Operating Income

-$1.65M

Previous: -$4.57M+63.8%
Gross Profit

$76M

Previous: $48.6M+56.5%
Cash & Equivalents

$50.5M

No prior period
Total Assets

$99.2M

No prior period
Stock-Based Comp

$4.54M

No prior period

Revenue & EPS history

EverQuote · Revenue · Quarterly

$81.4M

Q1 2020+55.8%vs Q1 2019
Beat estimate in 10 of 12 quarters(83%)
ActualEstimate

Revenue by segment

EverQuote · $81.4M total across 2 segments · Q1 2020

  • Automotive
    $67.6M+50.3%
  • Other
    $13.7M+90.1%

Forward guidance

EverQuote anticipates Revenue, Variable Marketing Margin and Adjusted EBITDA to be in the following ranges:

Tailwinds

  • Second quarter 2020 Revenue of $77.0 - $80.0 million.
  • Second quarter 2020 Variable Marketing Margin of $23.5 - $25.0 million.
  • Second quarter 2020 Adjusted EBITDA in the range of $3.0 - $4.3 million.
  • Full year 2020 Revenue of $318.0 - $327.0 million, an increase from our previous range of $315.0 - $325.0 million.
  • Full year 2020 Variable Marketing Margin of $96.0 - $102.0 million, an increase from our previous range of $92.0 - $98.0 million.

Headwinds

  • Full year 2020 Adjusted EBITDA in the range of $12.5 - $17.5 million, an improvement from our previous range of $10.0 - $15.0 million.
  • The Company has not reconciled the non-GAAP measure adjusted EBITDA to the GAAP measure net loss in this press release.
  • The Company does not provide guidance for stock-based compensation expense, depreciation and amortization expense, interest income and expense, and the provision for (benefit from) income taxes on a consistent basis
  • The Company is unable to quantify these amounts without unreasonable efforts, which would be required to include a reconciliation of adjusted EBITDA to GAAP net loss.
  • Such a reconciliation would imply a degree of precision that could be confusing or misleading to investors.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

+3.6%

Avg return

Earnings day

+4.7%

Avg return

5 days after

+5.4%

Avg return

30 days after

61%

19 / 31 earnings

Positive

+63.0%

Q1 2026

Best reaction

-46.7%

Q3 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+63.0%+40.3%
Q4 2025+1.2%+3.1%+3.8%
Q3 2025+8.3%+13.5%+23.9%
Q1 2025-12.0%-11.9%-6.6%
Q4 2024+27.1%+33.4%+39.4%
Q3 2024+4.6%+7.0%+7.4%
Q2 2024+7.9%-12.0%-10.5%
Q1 2024+16.3%+4.8%+6.7%
Q4 2023+5.4%-2.6%+12.1%
Q3 2023+10.4%+4.1%+29.1%
Q2 2023-17.5%-11.7%-10.7%
Q1 2023+3.3%+7.0%+32.0%
Q4 2022-20.1%-17.1%-21.8%
Q3 2022+0.7%+30.0%+77.3%
Q2 2022-6.9%+9.9%-17.2%
Q1 2022-12.4%-10.7%-36.2%
Q4 2021-5.0%-1.0%-9.6%
Q3 2021-8.6%-4.5%-8.6%
Q2 2021-16.7%-20.5%-35.2%
Q1 2021-1.5%-5.9%-5.7%
Q4 2020+3.3%+1.7%-27.2%
Q3 2020+10.1%+18.7%+9.6%
Q2 2020-25.6%-23.6%-31.5%
Q1 2020+27.4%+32.4%+53.0%
Q4 2019-14.2%-12.9%-37.8%
Q3 2019+28.4%+40.6%+70.9%
Q2 2019+40.7%+43.2%+60.1%
Q1 2019+17.4%+20.9%+30.3%
Q4 2018+19.3%+24.7%+28.9%
Q3 2018-46.7%-56.4%-52.6%
Q2 2018+4.8%+2.6%-12.5%
Q4 2017
Q2 2017
Q1 2017
Q4 2016
Q3 2016
Q2 2016
Q1 2016
Q4 2015
Q3 2015
Q2 2015
Q1 2015
Q4 2014

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