NASDAQ$EVER

EverQuote Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Reported a 32% increase in revenue and a 46% increase in Variable Marketing Margin (VMM) year-over-year.

EverQuote announced strong Q4 2020 results with a 32% increase in revenue and a 46% increase in Variable Marketing Margin (VMM) year-over-year. The company achieved revenue of $97.3 million and VMM of $31.9 million. However, GAAP net loss increased to $3.8 million compared to $0.9 million in the previous year.

  • Total revenue increased by 32% year-over-year to $97.3 million.
  • Variable Marketing Margin increased by 46% year-over-year to $31.9 million.
  • Automotive insurance vertical revenue increased by 27% to $76.2 million.
  • Revenue from Other insurance verticals increased by 55% to $21.1 million, representing a record 22% of total revenues.

Headline financials

Total Revenue

$97.3M

Previous: $73.8M+31.8%
EPS (adj)

-$0.13

Previous: -$0.04-225.0%
Net Income

-$3.8M

Previous: -$934K-306.9%
Operating Income

-$3.78M

Previous: -$1.16M-227.6%
Gross Profit

$91.6M

Previous: $69.1M+32.5%
Cash & Equivalents

$42.9M

Previous: $46.1M-6.9%
Total Assets

$129M

Previous: $91.2M+41.5%
Stock-Based Comp

$6.19M

Previous: $3.46M+78.7%

Revenue & EPS history

EverQuote · Revenue · Quarterly

$97.3M

Q4 2020+31.8%vs Q4 2019
Beat estimate in 10 of 12 quarters(83%)
ActualEstimate

Revenue by segment

EverQuote · $97.3M total across 2 segments · Q4 2020

  • Automotive
    $76.2M+26.6%
  • Other
    $21.1M+55.1%

Forward guidance

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

Tailwinds

  • First quarter 2021 Revenue of $100 - $102 million.
  • First quarter 2021 Variable Marketing Margin of $30.5 - $31.5 million.
  • First quarter 2021 Adjusted EBITDA in the range of $4 - $5 million.
  • Full year 2021 Revenue of $430- $440 million.
  • Full year 2021 Variable Marketing Margin of $135 - $140 million.

Headwinds

  • Adjusted EBITDA in the range of $25 - $30 million.
  • Company has not reconciled the non-GAAP measure Adjusted EBITDA to the GAAP measure net income (loss) in this press release
  • Company does not provide guidance for stock-based compensation expense, depreciation and amortization expense, acquisition-related costs, interest income, and income taxes on a consistent basis
  • Company is unable to quantify these amounts without unreasonable efforts, which would be required to include a reconciliation of Adjusted EBITDA to GAAP net income (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 Q4 2020

Historical avgQ4 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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