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EverCommerce (EVCM) Reports Q2 Earnings: What Key Metrics Have to Say
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For the quarter ended June 2023, EverCommerce (EVCM - Free Report) reported revenue of $170.05 million, up 8.1% over the same period last year. EPS came in at $0.03, compared to -$0.02 in the year-ago quarter.
The reported revenue represents a surprise of -0.07% over the Zacks Consensus Estimate of $170.16 million. With the consensus EPS estimate being -$0.08, the EPS surprise was +137.50%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how EverCommerce performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Subscription and transaction fees: $130.31 million versus the five-analyst average estimate of $129.29 million. The reported number represents a year-over-year change of +12.7%.
Other: $5.29 million versus $4.96 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -17.8% change.
Marketing technology solutions: $34.46 million versus $35.92 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -2% change.
Shares of EverCommerce have returned -7.1% over the past month versus the Zacks S&P 500 composite's +0.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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EverCommerce (EVCM) Reports Q2 Earnings: What Key Metrics Have to Say
For the quarter ended June 2023, EverCommerce (EVCM - Free Report) reported revenue of $170.05 million, up 8.1% over the same period last year. EPS came in at $0.03, compared to -$0.02 in the year-ago quarter.
The reported revenue represents a surprise of -0.07% over the Zacks Consensus Estimate of $170.16 million. With the consensus EPS estimate being -$0.08, the EPS surprise was +137.50%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how EverCommerce performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Subscription and transaction fees: $130.31 million versus the five-analyst average estimate of $129.29 million. The reported number represents a year-over-year change of +12.7%.
- Other: $5.29 million versus $4.96 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -17.8% change.
- Marketing technology solutions: $34.46 million versus $35.92 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -2% change.
View all Key Company Metrics for EverCommerce here>>>Shares of EverCommerce have returned -7.1% over the past month versus the Zacks S&P 500 composite's +0.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.