Evercommerce Inc Down 27.96% To $6.74 After Earnings Miss

Evercommerce Inc (EVCM) said after close Thursday that it lost $0.12 per share in quarter four 2023.

On the revenue line, the company reported $169.4 million, missing estimates by $3 million.

In the same quarter a year ago, the company lost $0.09 per share on revenue of $161.8 million.

The stock is down 27.96% to $6.74 after the report.

The firm's higher revenue growth to earnings signals that the firm has not been able to reduce costs and has seen its profit margin decrease.

The average recommendation from Wall Street analysts was a Buy which may get revised based on this new data.

InvestorsObserver gives the stock a Bearish Sentiment score at the moment based on recent trading.

Evercommerce Inc has performed a little below average during the past few months. Before the report, Evercommerce Inc received a Long-Term Technical Rank by InvestorsObserver of 37, putting it in the bottom half of stocks. The firm set a 52-week low on November 7, 2023 at $7.63 and set a 52-week high on May 10, 2023 at $13.47.

EverCommerce Inc service commerce platform, providing vertically tailored, integrated SaaS solutions that help more than 500,000 service-based businesses accelerate growth, streamline operations and increase retention. The company's modern digital and mobile applications create predictably, informed, and convenient experiences between service professionals and their end consumers. Specializing in Home Services, Health Services, and Fitness & Wellness Services industries.