EverCommerce Inc reports results for the quarter ended in June - Earnings Summary

EverCommerce

07/08/2024 24:00

* EverCommerce Inc  EVCM.OQ  reported quarterly adjusted
earnings
of 16 cents​​ per share for the quarter ended in June, lower
than the same quarter last year, when the company reported EPS
of 18 cents.  The mean expectation of twelve analysts for the
quarter was for earnings of 13 cents per share. Wall Street
expected results to range from 7 cents to 17 cents per share.
    * Revenue rose 4.3% to $177.39 million from a year ago;
analysts
expected $171.80 million. 
    * EverCommerce Inc's reported EPS for the quarter was a loss
of 2
cents​.
    * The company reported a quarterly loss of $3.38 million.
    * EverCommerce Inc shares had fallen by 3.7% this
quarter and
lost 4.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 7.8%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 3
"hold" and 2 "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is also "buy"

Wall Street's median 12-month price target for EverCommerce Inc
is $12.00 
This summary was machine generated from LSEG data August 6 at
11:00 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.13           0.16           Beat
 Mar. 31 2024      0.11           0.15           Beat
 Dec. 31 2023      0.13           0.12           Missed
 Sep. 30 2023      0.11           0.15           Beat