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Why is EverCommerce Inc (EVCM) Stock down?

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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