EverQuote (EVER) shares rallied 18.9% in the last trading session to close at $20.89. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 10.7% loss over the past four weeks.
EverQuote should continue to benefit from its exclusive data asset and technology, intensified focus on core P&C markets, streamlined operations and a strong financial profile that poise it for long-term growth.
Solid performances at automotive and other insurance verticals, given auto carrier recovery and growth in revenue per quote request, bode well.
EverQuote expects to benefit from the shift to online insurance sales. It remains focused on the growth of consumer traffic and addition of channels.
This company is expected to post quarterly earnings of $0.18 per share in its upcoming report, which represents a year-over-year change of +194.7%. Revenues are expected to be $134.06 million, up 140.6% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For EverQuote, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on EVER going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
EverQuote belongs to the Zacks Insurance - Multi line industry. Another stock from the same industry, Hamilton Insurance (HG), closed the last trading session 3.7% higher at $19.74. Over the past month, HG has returned 1.9%.
Hamilton Insurance's consensus EPS estimate for the upcoming report has changed -3.6% over the past month to $0.76. Compared to the company's year-ago EPS, this represents a change of -33.9%. Hamilton Insurance currently boasts a Zacks Rank of #4 (Sell).
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