-$0.12 Earnings Per Share Expected for Everbridge Inc (EVBG) This Quarter
Equities analysts expect that Everbridge Inc (NASDAQ:EVBG) will post earnings per share (EPS) of ($0.12) for the current quarter, according to Zacks. Five analysts have made estimates for Everbridge’s earnings. Everbridge posted earnings per share of ($0.02) in the same quarter last year, which would suggest a negative year-over-year growth rate of 500%. The firm is scheduled to issue its next earnings results after the market closes on Monday, November 5th.
On average, analysts expect that Everbridge will report full-year earnings of ($0.57) per share for the current financial year, with EPS estimates ranging from ($0.57) to ($0.56). For the next year, analysts expect that the business will post earnings of ($0.36) per share, with EPS estimates ranging from ($0.46) to ($0.23). Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Everbridge.
Everbridge (NASDAQ:EVBG) last announced its earnings results on Monday, August 6th. The technology company reported ($0.18) EPS for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.04. The company had revenue of $35.80 million during the quarter, compared to the consensus estimate of $34.18 million. Everbridge had a negative return on equity of 64.53% and a negative net margin of 31.96%. The firm’s revenue for the quarter was up 43.2% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.05) earnings per share.
In other Everbridge news, Director Kent Mathy sold 33,190 shares of the stock in a transaction dated Thursday, August 23rd. The stock was sold at an average price of $47.43, for a total value of $1,574,201.70. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Imad Mouline sold 3,000 shares of the stock in a transaction dated Wednesday, August 1st. The shares were sold at an average price of $45.87, for a total value of $137,610.00. The disclosure for this sale can be found here. Insiders have sold 125,013 shares of company stock worth $6,828,269 over the last ninety days. 11.20% of the stock is currently owned by insiders.
Hedge funds have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Everbridge by 197.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,170 shares of the technology company’s stock valued at $198,000 after acquiring an additional 2,767 shares during the period. Raymond James Trust N.A. bought a new position in Everbridge in the third quarter valued at about $236,000. Oppenheimer Asset Management Inc. bought a new position in Everbridge in the second quarter valued at about $238,000. Teacher Retirement System of Texas bought a new position in Everbridge in the second quarter valued at about $244,000. Finally, Hilltop Holdings Inc. bought a new position in Everbridge in the second quarter valued at about $267,000. 89.04% of the stock is currently owned by institutional investors.
EVBG stock traded down $2.51 during midday trading on Friday, hitting $48.74. The stock had a trading volume of 248,492 shares, compared to its average volume of 340,334. The stock has a market cap of $1.55 billion, a price-to-earnings ratio of -85.25 and a beta of 1.23. Everbridge has a 52-week low of $23.87 and a 52-week high of $63.00. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 1.74.
Everbridge, Inc operates as a software company in the United States, Sweden, England, and China. The company offers Critical Event Management, a SaaS-based platform with various software applications that address tasks an organization has to perform to manage a critical event, including Mass Notification, which 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, which 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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