Zacks: Analysts Expect Everbridge Inc (EVBG) Will Post Quarterly Sales of $47.95 Million
Wall Street analysts expect Everbridge Inc (NASDAQ:EVBG) to announce $47.95 million in sales for the current fiscal quarter, according to Zacks. Eight analysts have made estimates for Everbridge’s earnings, with the lowest sales estimate coming in at $47.80 million and the highest estimate coming in at $48.10 million. Everbridge posted sales of $35.82 million in the same quarter last year, which suggests a positive year-over-year growth rate of 33.9%. The firm is expected to issue its next earnings results on Monday, August 5th.
On average, analysts expect that Everbridge will report full-year sales of $196.89 million for the current financial year, with estimates ranging from $196.40 million to $197.40 million. For the next year, analysts forecast that the business will report sales of $246.87 million, with estimates ranging from $237.77 million to $254.98 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Everbridge.
Everbridge (NASDAQ:EVBG) last issued its quarterly earnings data on Monday, May 6th. The technology company reported ($0.39) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.48) by $0.09. The business had revenue of $42.82 million during the quarter, compared to the consensus estimate of $42.23 million. Everbridge had a negative net margin of 30.93% and a negative return on equity of 52.04%. The firm’s revenue was up 40.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.17) EPS.
In other news, CEO Jaime Wallace Ellertson sold 277,000 shares of the firm’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $81.45, for a total transaction of $22,561,650.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Elliot J. Mark sold 1,609 shares of the firm’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $75.00, for a total transaction of $120,675.00. The disclosure for this sale can be found here. Insiders have sold 350,865 shares of company stock valued at $28,110,914 in the last ninety days. Insiders own 2.20% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Strs Ohio bought a new position in Everbridge during the first quarter worth $30,000. Bank of Montreal Can raised its stake in Everbridge by 281.6% during the fourth quarter. Bank of Montreal Can now owns 706 shares of the technology company’s stock worth $40,000 after buying an additional 521 shares during the last quarter. Advisor Group Inc. raised its stake in Everbridge by 32.3% during the first quarter. Advisor Group Inc. now owns 1,193 shares of the technology company’s stock worth $90,000 after buying an additional 291 shares during the last quarter. SG Americas Securities LLC bought a new position in Everbridge during the first quarter worth $104,000. Finally, First Mercantile Trust Co. bought a new position in Everbridge during the first quarter worth $120,000. 96.93% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ:EVBG opened at $74.60 on Tuesday. The company has a market capitalization of $2.59 billion, a P/E ratio of -52.17 and a beta of 0.77. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 0.52. Everbridge has a one year low of $41.94 and a one year high of $85.14.
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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