EverQuote, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

EverQuote, Inc. (NASDAQ:EVER) defied analyst predictions to release its third-quarter results, which were ahead of market expectations. The company beat forecasts, with revenue of US$174m, some 4.7% above estimates, and statutory earnings per share (EPS) coming in at US$0.50, 31% ahead of expectations. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on EverQuote after the latest results.

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Taking into account the latest results, the most recent consensus for EverQuote from eight analysts is for revenues of US$766.6m in 2026. If met, it would imply a solid 19% increase on its revenue over the past 12 months. Per-share earnings are expected to step up 13% to US$1.70. Before this earnings report, the analysts had been forecasting revenues of US$720.3m and earnings per share (EPS) of US$1.59 in 2026. So there seems to have been a moderate uplift in sentiment following the latest results, given the upgrades to both revenue and earnings per share forecasts for next year.

Check out our latest analysis for EverQuote

Despite these upgrades,the analysts have not made any major changes to their price target of US$33.40, suggesting that the higher estimates are not likely to have a long term impact on what the stock is worth. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. The most optimistic EverQuote analyst has a price target of US$38.00 per share, while the most pessimistic values it at US$30.00. Even so, with a relatively close grouping of estimates, it looks like the analysts are quite confident in their valuations, suggesting EverQuote is an easy business to forecast or the the analysts are all using similar assumptions.

One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. The analysts are definitely expecting EverQuote's growth to accelerate, with the forecast 15% annualised growth to the end of 2026 ranking favourably alongside historical growth of 7.8% per annum over the past five years. Other similar companies in the industry (with analyst coverage) are also forecast to grow their revenue at 12% per year. EverQuote is expected to grow at about the same rate as its industry, so it's not clear that we can draw any conclusions from its growth relative to competitors.

The Bottom Line

The biggest takeaway for us is the consensus earnings per share upgrade, which suggests a clear improvement in sentiment around EverQuote's earnings potential next year. They also upgraded their revenue forecasts, although the latest estimates suggest that EverQuote will grow in line with the overall industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.

Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. At Simply Wall St, we have a full range of analyst estimates for EverQuote going out to 2027, and you can see them free on our platform here..

Another thing to consider is whether management and directors have been buying or selling stock recently. We provide an overview of all open market stock trades for the last twelve months on our platform, here.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.