Verra Mobility Corp reports results for the quarter ended in December - Earnings Summary

Verra Mobility

29/02/2024 22:01

* Verra Mobility Corp  VRRM.OQ  reported quarterly adjusted
earnings of 24 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of 25 cents.  The mean expectation of
seven analysts for the quarter was for earnings of 26 cents per
share. Wall Street expected results to range from 23 cents to 27
cents per share.
    * Revenue rose 13.4% to $211.01 million from a year ago;
analysts
expected $202.71 million. 
    * Verra Mobility Corp's reported EPS for the quarter was 2
cents​.
    * The company reported quarterly net income of $3.02
million.
    * Verra Mobility Corp shares had fallen by 6.4% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.5%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * 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 average consensus recommendation for the business
support
services peer group is also "buy"

Wall Street's median 12-month price target for Verra Mobility
Corp is $25.00 
This summary was machine generated from LSEG data February 29 at
10:00 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.26           0.24           Missed
 Sep. 30 2023      0.27           0.29           Beat
 Jun. 30 2023      0.27           0.29           Beat
 Mar. 31 2023      0.22           0.26           Beat