Zacks: Analysts Expect Everbridge, Inc. (EVBG) Will Announce Earnings of -$0.02 Per Share

Brokerages predict that Everbridge, Inc. (NASDAQ:EVBG) will report earnings of ($0.02) per share for the current quarter, Zacks reports. Six analysts have made estimates for Everbridge’s earnings. The lowest EPS estimate is ($0.04) and the highest is ($0.01). Everbridge reported earnings per share of ($0.03) during the same quarter last year, which suggests a positive year over year growth rate of 33.3%. The company is expected to issue its next earnings report on Monday, February 26th.

On average, analysts expect that Everbridge will report full-year earnings of ($0.24) per share for the current financial year, with EPS estimates ranging from ($0.26) to ($0.22). For the next fiscal year, analysts forecast that the firm will report earnings of ($0.21) per share, with EPS estimates ranging from ($0.29) to ($0.15). Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that that provide coverage for Everbridge.

Everbridge (NASDAQ:EVBG) last announced its quarterly earnings results on Monday, November 6th. The technology company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.04. The company had revenue of $27.31 million for the quarter, compared to the consensus estimate of $26.41 million. Everbridge had a negative return on equity of 29.44% and a negative net margin of 17.10%. The firm’s revenue for the quarter was up 37.0% compared to the same quarter last year. During the same period last year, the firm earned ($0.07) EPS.

EVBG has been the topic of a number of analyst reports. Northland Securities restated a “buy” rating and set a $33.00 target price on shares of Everbridge in a research report on Friday, November 10th. Zacks Investment Research upgraded Everbridge from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a research report on Friday, November 10th. Credit Suisse Group restated an “outperform” rating and set a $30.00 target price (up from $26.50) on shares of Everbridge in a research report on Friday, November 17th. KeyCorp raised their target price on Everbridge from $27.00 to $30.00 and gave the company an “overweight” rating in a research report on Tuesday, November 7th. Finally, Canaccord Genuity restated a “buy” rating and set a $33.00 target price (up from $28.00) on shares of Everbridge in a research report on Tuesday, November 7th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $31.00.

In related news, SVP Elliot J. Mark sold 1,000 shares of Everbridge stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $27.76, for a total value of $27,760.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Jaime Wallace Ellertson sold 97,500 shares of Everbridge stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $26.43, for a total value of $2,576,925.00. The disclosure for this sale can be found here. Insiders have sold a total of 148,529 shares of company stock worth $3,924,864 over the last 90 days. Insiders own 41.40% of the company’s stock.

A number of hedge funds have recently bought and sold shares of EVBG. Legal & General Group Plc lifted its stake in Everbridge by 196.3% in the 2nd quarter. Legal & General Group Plc now owns 4,355 shares of the technology company’s stock worth $107,000 after purchasing an additional 2,885 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its stake in Everbridge by 5.6% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 65,971 shares of the technology company’s stock worth $1,743,000 after purchasing an additional 3,499 shares in the last quarter. Geode Capital Management LLC lifted its stake in Everbridge by 5.3% in the 1st quarter. Geode Capital Management LLC now owns 105,783 shares of the technology company’s stock worth $2,171,000 after purchasing an additional 5,317 shares in the last quarter. Wells Fargo & Company MN lifted its stake in Everbridge by 21.5% in the 2nd quarter. Wells Fargo & Company MN now owns 33,598 shares of the technology company’s stock worth $818,000 after purchasing an additional 5,946 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in Everbridge by 77.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,172 shares of the technology company’s stock worth $345,000 after purchasing an additional 6,177 shares in the last quarter. Institutional investors own 65.40% of the company’s stock.

Shares of Everbridge (NASDAQ EVBG) traded down $0.22 on Friday, reaching $26.93. The company’s stock had a trading volume of 379,800 shares, compared to its average volume of 238,105. Everbridge has a 12 month low of $16.63 and a 12 month high of $29.99.

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About Everbridge

Everbridge, Inc is a global software company. The Company provides enterprise software applications that automate and accelerate organizations’ operational response to critical events in order to keep people safe and businesses running. During public safety threats, such as active shooter situations, terrorist attacks or severe weather conditions, as well as critical business events, such as information technology (IT) outages, cyber-attacks or other incidents, such as product recalls or supply-chain interruptions, its Software as a Service (SaaS)-based platform enables its customers to aggregate and assess threat data, locate people at risk and responders able to assist, automate the execution of pre-defined communications processes, and track progress on executing response plans.

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Earnings History and Estimates for Everbridge (NASDAQ:EVBG)

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