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Monday, May 6, 2019

=EverQuote (EVER) reported earnings on Mon 6 May 2019 (a/h)



EverQuote beats by $0.02, beats on revs; guides Q2 revs above consensus; guides FY19 revs above consensus
  • Reports Q1 (Mar) loss of $0.17 per share, $0.02 better than the S&P Capital IQ Consensus of ($0.19); revenues rose 28.2% year/year to $52.23 mln vs the $48.19 mln S&P Capital IQ Consensus.
    • Adjusted EBITDA of $(1.3) million, compared to $(0.4) million in the first quarter of 2018.
  • Co issues upside guidance for Q2, sees Q2 revs of $49.5-51.5 mln vs. $48.34 mln S&P Capital IQ Consensus.
    • Variable Marketing Margin of $14.0 - $15.0 million.
    • Adjusted EBITDA in the range of $(1.1) - $0.2 million.
  • Co raises guidance for FY19, sees FY19 revs of $197.0-203.0 mln (from $189.0-197.0 mln) vs. $193.62 mln S&P Capital IQ Consensus.
    • Variable Marketing Margin of $55.5 - $58.5 million, an increase from their previous range of $54.0 - $58.0 million.
    • Adjusted EBITDA in the range of $(3.0) - $(1.0) million, an improvement to their previous range of $(4.0) - $(2.0) million.

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