EverQuote (EVER) Tops Q4 EPS by 2c

EverQuote (NASDAQ: EVER) reported Q4 EPS of ($0.04), $0.02 better than the analyst estimate of ($0.06). Revenue for the quarter came in at $73.8 million versus the consensus estimate of $68.13 million.

“We are pleased to report strong fourth quarter results across all of our key financial metrics - delivering year-over-year revenue growth of 86% in the fourth quarter, and 52% for the full year,” said Seth Birnbaum, CEO and Co-Founder of EverQuote. “We delivered growth across all of our verticals, and we continue to scale the business with fourth quarter variable marketing margin up 113% year-over-year. We are executing across our key growth levers and investing in the business to capitalize on our large and expanding market opportunity.

“2019 was a record year that exceeded our expectations across the board, and I am extremely proud of the strong results generated by our talented and dedicated team. During the year, we launched our commercial, health, and renters insurance verticals. We continue to make excellent progress on our mission to be the largest source of online insurance policies in the world and are bullish on the long-term prospects for our business. We achieved adjusted EBITDA profitability for the full year 2019 and believe we have set the stage for continued growth in 2020 and beyond,” concluded Mr. Birnbaum.

GUIDANCE:

EverQuote sees Q1 2020 revenue of $77-79 million, versus the consensus of $75.42 million.

EverQuote sees FY2020 revenue of $315-325 million, versus the consensus of $310.54 million.

For earnings history and earnings-related data on EverQuote (EVER) click here.

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