10.22
1.49%
0.15
After Hours:
10.22
Why is Evercommerce Inc (EVCM) Stock down?
We've noticed a 5.29% decline in Evercommerce Inc (EVCM) stock during the 2024-08-07 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
15 Mar, 2024:
EverCommerce (EVCM) stock dropped by 9.63% following the company's fourth-quarter earnings report on March 14, 2024. Despite showcasing a year of strategic transformation and a positive outlook for the future, the stock experienced a significant decline.
- Financial Performance Highlights: EverCommerce reported a 9% increase in full-year revenue and a remarkable 22% year-over-year growth in adjusted EBITDA for the fourth quarter. Despite a slowdown in marketing technology solutions, the company saw a substantial rise in subscription and transaction revenues.
- Strategic Initiatives and New Offerings: The company introduced EverPro Edge, a platform designed to enhance customer savings, learning, and business growth. EverCommerce is also focusing on expanding its payment solutions and optimizing its portfolio for improved efficiency and scalability.
- Outlook for 2024: EverCommerce anticipates 2024 to be a transition year with a focus on increased margins and profitability. The company expects slower growth but higher profitability in 2024, with total revenue projected to be between $676 million to $696 million.
- Guidance and Future Plans: For Q1 2024, EverCommerce provided guidance with expected total revenue between $160.5 million and $163.5 million and adjusted EBITDA of $36 million to $38 million. Full-year 2024 revenue is projected to be between $676 million and $696 million, with adjusted EBITDA ranging from $167 million to $176 million. Theses metrics look positive, however, falls short below Wall Street's estimates.
07 Nov, 2023:
Shares of Evercommerce (EVCM) dropped by 15.31% from $9.60 to $8.13 in the trading on Tuesday, November 7, 2023. The reason why EVCM down is due to its quarterly earnings report:
- Revenue: EverCommerce reported $174.74 million in revenue, up 10.5% from the same period last year. However, this figure missed the Zacks Consensus Estimate of $176.04 million by -0.74%.
- Earnings: The company reported EPS of** $0.00**, a significant improvement from the -$0.04 EPS in the previous year's quarter. This result exceeded the consensus estimate of -$0.03 EPS by +100.00%.
- Key Metrics: EverCommerce's performance was assessed based on various metrics, including subscription and transaction fees, other revenue, and marketing technology solutions, all showing positive growth.
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