What To Expect From Everbridge’s (EVBG) Q4 Earnings

Kayode Omotosho /
2023/02/21 3:10 am EST
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Critical event management software company Everbridge (NASDAQ:EVBG) will be announcing earnings results tomorrow morning. Here's what investors should know.

Last quarter Everbridge reported revenues of $111.4 million, up 15.1% year on year, in line with analyst expectations. It was a weaker quarter for the company, with decelerating customer growth and slow revenue growth. The company added 72 customers to a total of 6,417.

Is Everbridge buy or sell heading into the earnings? Read our full analysis here, it's free.

This quarter analysts are expecting Everbridge's revenue to grow 12.9% year on year to $116.1 million, slowing down from the 36% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.31 per share.

Everbridge Total Revenue

Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company has a history of exceeding Wall St's expectations, beating revenue estimates every single time over the past two years on average by 2.85%.

Looking at Everbridge's peers in the productivity software segment, some of them have already reported Q4 earnings results, giving us a hint what we can expect. ServiceNow delivered top-line growth of 20.1% year on year, missing analyst estimates by 0% and Appian reported revenues up 19.8% year on year, exceeding estimates by 2.44%. ServiceNow traded down 4.34% on the results, Appian was flat on the results. Read our full analysis of ServiceNow's results here and Appian's results here.

There has been positive sentiment among investors in the software segment, with the stocks up on average 7.77% over the last month. Everbridge is up 13.6% during the same time, and is heading into the earnings with analyst price target of $32.5, compared to share price of $34.93.

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The author has no position in any of the stocks mentioned.