Everbridge: Q3 Earnings Insights

Everbridge EVBG reported its Q3 earnings results on Tuesday, November 9, 2021 at 04:00 PM.

Here's what investors need to know about the announcement.

Everbridge their estimated earnings by 135.71%, reporting an EPS of $0.05 versus an estimate of $-0.14, which surprised analysts.

Revenue was up $25,490,000 from the same period last year.

Last quarter the company beat on EPS by $0.26, which was followed by a 3.74% drop in the share price the next day.

Here's a look at Everbridge's past performance:

Quarter	Q2 2021	Q1 2021	Q4 2020	Q3 2020
EPS Estimate	-0.23	-0.11	0.02	-0.11
EPS Actual	0.03	0.18	0.03	0.05
Revenue Estimate	83.91M	75.63M	72.54M	68.52M
Revenue Actual	86.65M	82.21M	75.61M	71.26M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Everbridge management provided guidance for their next quarter, expecting earnings between $-0.15 and $-0.14 per share for the nextquarter.

This represents a -390.0% in quarter-over-quarter growth for Everbridge, a bearish signal to many investors.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.