Everbridge, Inc. (EVBG) Expected to Announce Earnings of -$0.02 Per Share

Wall Street analysts expect that Everbridge, Inc. (NASDAQ:EVBG) will post earnings per share of ($0.02) for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Everbridge’s earnings. The highest EPS estimate is ($0.01) and the lowest is ($0.04). Everbridge posted earnings per share of ($0.03) in the same quarter last year, which indicates a positive year over year growth rate of 33.3%. The company is scheduled to report its next quarterly 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 fiscal year, with EPS estimates ranging from ($0.26) to ($0.22). For the next financial year, analysts expect 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 earnings per share averages are an average based on a survey of research analysts that follow Everbridge.

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

A number of research firms have commented on EVBG. BidaskClub cut shares of Everbridge from a “hold” rating to a “sell” rating in a research note on Thursday. KeyCorp restated a “buy” rating and set a $27.00 target price on shares of Everbridge in a research note on Sunday, September 10th. Northland Securities restated an “outperform” rating and set a $31.00 target price (up previously from $28.00) on shares of Everbridge in a research note on Friday, October 13th. Canaccord Genuity restated a “buy” rating and set a $33.00 target price (up previously from $28.00) on shares of Everbridge in a research note on Tuesday, November 7th. Finally, ValuEngine upgraded shares of Everbridge from a “sell” rating to a “hold” rating in a research note on Monday, September 18th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eleven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $31.00.

In other news, SVP Elliot J. Mark sold 2,500 shares of Everbridge stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $26.81, for a total transaction of $67,025.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Jaime Wallace Ellertson sold 97,500 shares of Everbridge stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $26.43, for a total transaction of $2,576,925.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 149,529 shares of company stock worth $3,948,164. Company insiders own 41.40% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in EVBG. TIAA CREF Investment Management LLC raised its position in shares of Everbridge by 45.9% during the first quarter. TIAA CREF Investment Management LLC now owns 21,204 shares of the technology company’s stock valued at $435,000 after buying an additional 6,672 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Everbridge by 11.6% in the first quarter. Vanguard Group Inc. now owns 323,018 shares of the technology company’s stock valued at $6,631,000 after purchasing an additional 33,665 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Everbridge by 5.3% in the first quarter. Geode Capital Management LLC now owns 105,783 shares of the technology company’s stock valued at $2,171,000 after purchasing an additional 5,317 shares in the last quarter. Renaissance Technologies LLC purchased a new position in shares of Everbridge in the first quarter valued at $1,102,000. Finally, Schwab Charles Investment Management Inc. grew its holdings in shares of Everbridge by 101.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 27,836 shares of the technology company’s stock valued at $572,000 after purchasing an additional 14,036 shares in the last quarter. Hedge funds and other institutional investors own 65.40% of the company’s stock.

Everbridge (NASDAQ:EVBG) traded up $0.45 during midday trading on Friday, reaching $27.15. 630,676 shares of the company’s stock were exchanged, compared to its average volume of 425,190. Everbridge has a 12 month low of $16.63 and a 12 month high of $29.99.

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Everbridge Company Profile

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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