Analysts Expect Everbridge Inc (NASDAQ:EVBG) Will Announce Earnings of -$0.05 Per Share

Analysts expect that Everbridge Inc (NASDAQ:EVBG) will announce earnings per share (EPS) of ($0.05) for the current quarter, Zacks reports. Eight analysts have provided estimates for Everbridge’s earnings, with the highest EPS estimate coming in at ($0.04) and the lowest estimate coming in at ($0.06). Everbridge reported earnings per share of ($0.10) in the same quarter last year, which would indicate a positive year over year growth rate of 50%. The company is expected to announce its next quarterly earnings report on Monday, November 4th.

On average, analysts expect that Everbridge will report full-year earnings of ($0.25) per share for the current financial year, with EPS estimates ranging from ($0.28) to ($0.23). For the next fiscal year, analysts forecast that the firm will report earnings of ($0.09) per share, with EPS estimates ranging from ($0.24) to $0.24. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover Everbridge.

Everbridge (NASDAQ:EVBG) last issued its earnings results on Monday, August 5th. The technology company reported ($0.32) EPS for the quarter, topping the consensus estimate of ($0.37) by $0.05. The company had revenue of $48.40 million for the quarter, compared to analyst estimates of $47.99 million. Everbridge had a negative net margin of 25.85% and a negative return on equity of 32.97%. The business’s revenue was up 35.2% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.18) EPS.

Several equities research analysts have commented on the stock. KeyCorp restated a “hold” rating on shares of Everbridge in a research report on Thursday, June 20th. JPMorgan Chase & Co. boosted their price objective on shares of Everbridge from $75.00 to $93.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 6th. Credit Suisse Group boosted their price objective on shares of Everbridge from $85.00 to $100.00 and gave the stock an “outperform” rating in a research report on Thursday, June 20th. Stifel Nicolaus boosted their price objective on shares of Everbridge from $91.00 to $100.00 in a research report on Thursday, June 20th. Finally, Bank of America boosted their price objective on shares of Everbridge from $85.00 to $102.00 and gave the stock a “buy” rating in a research report on Thursday, June 20th. Two investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $100.00.

In related news, Director Richard A. Damore sold 2,500 shares of the business’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $76.52, for a total value of $191,300.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jaime Wallace Ellertson sold 277,000 shares of the business’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $81.45, for a total transaction of $22,561,650.00. The disclosure for this sale can be found here. Insiders sold a total of 426,035 shares of company stock worth $36,207,391 over the last quarter. Insiders own 2.20% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. American International Group Inc. raised its stake in Everbridge by 5.2% in the 1st quarter. American International Group Inc. now owns 18,595 shares of the technology company’s stock valued at $1,395,000 after purchasing an additional 925 shares during the last quarter. AlphaCrest Capital Management LLC acquired a new position in Everbridge in the 1st quarter valued at about $525,000. Motley Fool Asset Management LLC raised its stake in Everbridge by 3.2% in the 1st quarter. Motley Fool Asset Management LLC now owns 258,406 shares of the technology company’s stock valued at $19,383,000 after purchasing an additional 8,000 shares during the last quarter. Eagle Asset Management Inc. acquired a new position in Everbridge in the 1st quarter valued at about $9,848,000. Finally, Zweig DiMenna Associates LLC acquired a new position in Everbridge in the 1st quarter valued at about $5,759,000. 98.81% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ EVBG traded up $0.46 during trading on Friday, hitting $80.44. 257,527 shares of the company were exchanged, compared to its average volume of 530,443. The company has a market cap of $2.77 billion, a price-to-earnings ratio of -56.25 and a beta of 0.83. Everbridge has a 1 year low of $41.94 and a 1 year high of $104.22. The firm’s fifty day moving average price is $94.02 and its 200 day moving average price is $79.72. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.40 and a quick ratio of 2.42.

Everbridge Company Profile

Everbridge, Inc operates as a software company in the United States and internationally. The company's Critical Event Management, a software as a service based platform with various software applications that address tasks an organization has to perform to manage a critical event, including Mass Notification that enables enterprises and governmental entities to send notifications to individuals or groups to keep them informed before, during, and after natural or man-made disasters, and other emergencies; Safety Connection that enables organizations to send notifications based on last known location of an individual; Incident Management that enables organizations to automate workflows and make their communications relevant; and IT Alerting that enables IT professionals to alert and communicate with members of their teams during an IT incident or outage.

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