EverCommerce Third Quarter 2024 Earnings: EPS Misses Expectations

EverCommerce (NASDAQ:EVCM) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$176.3m (flat on 3Q 2023).
• Net loss: US$9.16m (loss widened by US$8.54m from 3Q 2023).
• US$0.05 loss per share (further deteriorated from US$0.003 loss in 3Q 2023).

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

EverCommerce EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates.

Looking ahead, revenue is forecast to grow 4.3% 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 4.1% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on EverCommerce's balance sheet.

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