NASDAQ$EVER

EverQuote Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Reported a strong second quarter with revenue increasing and Variable Marketing Margin improving year-over-year.

EverQuote announced a strong second quarter 2021, marked by a 34% increase in total revenue to $105.1 million and a 40% increase in Variable Marketing Margin. The company also reported an increase in Adjusted EBITDA and the acquisition of PolicyFuel, extending its DTC agency strategy.

  • Total revenue increased by 34% year-over-year to $105.1 million.
  • Variable Marketing Margin increased by 40% year-over-year to $32.8 million.
  • GAAP net loss decreased to $1.9 million.
  • Adjusted EBITDA increased to $6.6 million.

Headline financials

Total Revenue

$105M

Previous: $78.3M+34.2%
EPS (adj)

-$0.07

Previous: -$0.10+30.0%
Free Cash Flow

-$1.88M

Previous: -$2.81M+33.0%
Net Income

-$1.88M

Previous: -$2.81M+33.0%
Operating Income

-$1.88M

Previous: -$2.96M+36.5%
Gross Profit

$99.3M

Previous: $73.3M+35.4%
Cash & Equivalents

$54.5M

Previous: $54.4M+0.2%
Total Assets

$139M

Previous: $101M+37.7%
Stock-Based Comp

$7.09M

Previous: $6.25M+13.4%

Revenue & EPS history

EverQuote · Revenue · Quarterly

$105M

Q2 2021+34.2%vs Q2 2020
Beat estimate in 12 of 14 quarters(86%)
ActualEstimate

Revenue by segment

EverQuote · $105M total across 2 segments · Q2 2021

  • Automotive
    $86.4M—
  • Other
    $18.7M—

Forward guidance

EverQuote anticipates Revenue, Variable Marketing Margin and Adjusted EBITDA to be in the following ranges for the third quarter of 2021: Revenue of $109 - $111 million, Variable Marketing Margin of $33 - $34 million, and Adjusted EBITDA in the range of $4.5 - 5.5 million.

Tailwinds

  • Revenue of $109 - $111 million, a year-over-year increase of 22% at the mid-point.
  • Variable Marketing Margin of $33 - $34 million, a year-over-year increase of 14% at the mid-point.

Headwinds

  • Adjusted EBITDA in the range of $4.5 - 5.5 million, a year-over-year a decrease of 4% at the mid-point.

Historical earnings impact

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

Avg. return before/after earnings

Based on 18 quarterly earnings reports · overlaid with Q2 2021

Historical avgQ2 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
Q2 2025———
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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