NASDAQ$EVER

EverQuote Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Revenue increased by 28% year-over-year, with non-auto insurance revenue up by 41% and variable marketing margin increasing by 32%.

EverQuote announced strong Q1 2021 results, with revenue increasing by 28% year-over-year to $103.8 million and Variable Marketing Margin growing by 32%. The company is making strategic investments to attract more shoppers, grow insurance provider coverage and budget, and optimize consumer-provider engagement.

  • Total revenue increased by 28% year-over-year to $103.8 million.
  • Non-Auto Insurance revenue increased 41% year-over-year to $19.3 million.
  • Variable Marketing Margin increased 32% year-over-year to $31.4 million.
  • GAAP net loss was $3.8 million, compared to a GAAP net loss of $1.4 million in the same quarter of the previous year.

Headline financials

Total Revenue

$104M

Previous: $81.4M+27.6%
EPS (adj)

-$0.13

Previous: -$0.05-160.0%
Free Cash Flow

-$3.8M

Previous: -$1.44M-163.6%
Net Income

-$3.8M

Previous: -$1.44M-163.6%
Operating Income

-$3.79M

Previous: -$1.65M-129.3%
Gross Profit

$97.9M

Previous: $76M+28.7%
Cash & Equivalents

$46.9M

Previous: $50.5M-7.1%
Total Assets

$136M

Previous: $99.2M+36.8%
Stock-Based Comp

$7.52M

Previous: $4.54M+65.6%

Revenue & EPS history

EverQuote · Revenue · Quarterly

$104M

Q1 2021+27.6%vs Q1 2020
Beat estimate in 11 of 13 quarters(85%)
ActualEstimate

Revenue by segment

EverQuote · $55M total across 3 segments · Q3 2023

  • Automotive
    $43.1M-51.2%
  • Home and Renters
    $10.9M
  • Other
    $1.05M-93.1%

Forward guidance

EverQuote anticipates continued growth in Q2 2021, with revenue expected to be between $101 and $103 million, Variable Marketing Margin between $31 and $32 million, and Adjusted EBITDA between $5 and $6 million.

Tailwinds

  • Revenue of $101 - $103 million, a year-over-year increase of 30% at the mid-point.
  • Variable Marketing Margin of $31 - $32 million, a year-over-year increase of 34% at the mid-point.
  • Adjusted EBITDA in the range of $5 - $6 million, a year-over-year improvement of 38% at the mid-point.

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 2021

Historical avgQ1 2021

+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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