Verra Mobility Corp expected to post earnings of 26 cents a share - Earnings Preview

Verra Mobility

30/04/2024 23:17

* Verra Mobility Corp  VRRM.OQ   VRRM.O  is expected to show
a
rise in quarterly revenue when it reports  results on May 2 for
the period ending March 31 2024
    * The Mesa Arizona-based  company is expected to report a
5.8% increase in revenue to $203.02 million from $191.9 million
a year ago, according to the mean estimate from 6 analysts,
based on LSEG data.The company's guidance on February 29 2024,
for the period ended March 31, was for revenue between $180.39
million and $184.23 million.
    * ​LSEG's mean analyst estimate for Verra Mobility Corp is
for
earnings of 26 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 2.5%
in the last three months. ​
    * Wall Street's median 12-month price target for Verra
Mobility
Corp is $26.50​, above​ its last closing price of $24.35. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.26        0.26       0.24      Missed  -5.9
 Sep. 30 2023  0.28        0.27       0.29      Beat    6.3
 Jun. 30 2023  0.27        0.27       0.29      Beat    5.7​
 Mar. 31 2023  0.22        0.22       0.26      Beat    17.8
 ​​Dec.        0.23        0.22       0.25      Beat    14.4
 31 2022                                                
 Sep. 30 2022  0.27        0.27       0.27      Met     -0.2​
 Jun. 30 2022  0.25        0.25       0.29      Beat    17.2
 Mar. 31 2022  0.20        0.20       0.20      Met     -2.3
 This summary was machine generated April 30 at 22:17 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)