EverCommerce Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

August 08, 2024

Simply Wall St

EverCommerce (NASDAQ:EVCM) Second Quarter 2024 Results

Key Financial Results

Revenue: US$177.4m (up 4.3% from 2Q 2023).
Net loss: US$3.38m (loss widened by 277% from 2Q 2023).
US$0.018 loss per share (further deteriorated from US$0.005 loss in 2Q 2023).

earnings-and-revenue-growth — NasdaqGS:EVCM Earnings and Revenue Growth August 8th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

EverCommerce Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) missed analyst estimates by 60%.

Looking ahead, revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in the US.

Performance of the American Software industry.

The company's shares are down 17% from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for EverCommerce that you need to take into consideration.

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Discover if EverCommerce might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

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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.

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