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

Verra Mobility

09/08/2024 24:15

* Verra Mobility Corp  VRRM.OQ  reported quarterly adjusted
earnings of 31 cents​​ per share for the quarter ended in
January, higher than the same quarter last year, when the
company reported EPS of 29 cents.  The mean expectation of
seven analysts for the quarter was for earnings of 30 cents per
share. Wall Street expected results to range from 28 cents to 32
cents per share.
    * Revenue rose 8.8% to $222.43 million from a year ago;
analysts
expected $220.39 million. 
    * Verra Mobility Corp's reported EPS for the quarter was 20
cents​.
    * The company reported quarterly net income of $34.22
million.
    * Verra Mobility Corp shares had risen by 0.4% this
quarter and
gained 18.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1% in
the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

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 $28.50 
This summary was machine generated from LSEG data August 8 at
11:15 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
 Jun. 30 2024      0.30           0.31           Beat
 Mar. 31 2024      0.26           0.27           Beat
 Dec. 31 2023      0.26           0.24           Missed
 Sep. 30 2023      0.27           0.29           Beat