EverCommerce’s Q2 Revenue Beat Estimates, Guidance Raised
<p><a href='https://financialmodelingprep.com/financial-summary/EVCM'>EverCommerce Inc. (NASDAQ:EVCM)</a> reported its Q2 earnings results, with EPS coming in at ($0.07), worse than the Street estimate of $0.04. Revenue was $157.2 million, compared to the Street estimate of $153 million.</p>
<p>According to the analysts at Deutsche Bank, both quarterly revenue and EBITDA were better than expected with management characterizing the evolving macro backdrop as only having an impact on marketing-based solutions focused on discretionary areas. This remains a small part of the company's business, with the majority of revenue generally tied to more non-discretionary business models (i.e. subscription) and to more steady areas of the economy (i.e. break/fix repairs, health services). </p>
<p>Full 2022-year revenue and EBITDA guidance were raised, albeit by slightly less than the Q2 beat due to (1) incremental FX headwinds of $1.2 million for H2, (2) accounting for some macro impact related to marketing solutions, and (3) some additional macro conservatism. </p>
<p>The analysts see updated guidance as prudent and believe the company's strong visibility on pipeline and a digital-first go-to-market strategy creates an ability to be nimble if the macro worsens.</p>

NASDAQ:EVCM