Everforth sees Q3 2026 revenues between $994 mln and $1,024 mln
Company expects Q3 2026 adjusted EBITDA of $95 mln to $105 mln
Everforth projects Q3 2026 net income of $14.5 mln to $23 mln
What drove the quarter
Commercial segment bookings - Co said improved bookings conversion in Commercial enterprise platform portfolio drove revenues above guidance
TMT industry growth - Technology, Media and Telecom industry was the only Commercial sub-segment to grow year-over-year, up 5.6%
Commercial gross margin pressure - Lower mix of high-margin permanent placement revenues and FX changes reduced Commercial segment gross margin
Analyst coverage and valuation
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 4 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the IT services & consulting peer group is "buy"
Wall Street's median 12-month price target for Everforth Inc is $27.00, about 16.1% above its July 28 closing price of $23.25
The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 7 three months ago
EFOR•
