Verisk Analytics VRSK is scheduled to release its third-quarter fiscal 2024 results on Oct. 30, before market open.
See Zacks Earnings Calendar to stay ahead of market-making news.
VRSK surpassed the Zacks Consensus Estimate in three of the four trailing quarters and missed in one, delivering an earnings surprise of 4.2%, on average.
Verisk Analytics, Inc. Price and EPS Surprise
Verisk Analytics, Inc. price-eps-surprise | Verisk Analytics, Inc. Quote
Verisk Analytics’ Q3 Expectations
The Zacks Consensus Estimate for revenues is pegged at $723.1 million, suggesting a 6.7% increase from the year-ago quarter’s actual. The top line is anticipated to have increased on the back of healthy subscription revenue growth. The rise in subscription revenues is likely to have been caused by strong renewals and enhanced price realization as VRSK’s customers recognize the innovation and value-added upgrades that the company has incorporated into its solutions.
Our estimate for revenues from the United States is pegged at $598.6 million, implying a rise of 6% on a year-over-year basis. We estimate revenues from the U.K. to be $52.4 million, indicating an 8% increase from the year-ago quarter’s actual. Revenues from Other countries are expected to grow 12.3% from the year-ago quarter’s actual to $72.1 million.
The consensus estimate for the bottom line is pegged at $1.6 per share, hinting at 5.3% growth from the year-ago quarter’s reported figure.The bottom line is expected to have benefited from strong margins, led by cost discipline, impacts of sales leverage and efforts to optimize global talent.
What Our Model Says About VRSK
Our proven model does not conclusively predict an earnings beat for VRSK this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that is not the case here. You can uncover the best stocks before they are reported with our Earnings ESP Filter.
Verisk Analytics has an Earnings ESP of -0.56% and a Zacks Rank of 2 at present.
Stocks That Warrant a Look
Here are a few stocks from the broader Zacks Business Services sector, which, according to our model, have the right combination of elements to beat on earnings this season:
Corpay, Inc. CPAY: The Zacks Consensus Estimate for the company’s third-quarter revenues is pegged at $1 billion, indicating growth of 5.7% from the year-ago quarter’s actual. For earnings, the consensus mark is pegged at $5 per share, suggesting a 10.5% rise from the year-ago quarter’s reported number. CPAY surpassed the consensus estimate in two of the past four quarters, met once and missed in another instance, with an average beat of 0.2%.
CPAY has an Earnings ESP of +0.08% and a Zacks Rank of 2 at present. The company is scheduled to declare its third-quarter 2024 results on Nov. 7.
You can see the complete list of today’s Zacks #1 Rank stocks here.
Gartner IT: The Zacks Consensus Estimate for third-quarter revenues is pegged at $1.5 billion, indicating an increase of 4.6% from the year-ago quarter’s actual. For earnings, the consensus mark is pegged at $2.5 per share, suggesting a 4.3% decline from the year-ago quarter’s reported number. IT surpassed the consensus estimate in the past four quarters, with an average beat of 17.4%.
IT has an Earnings ESP of +10.44% and a Zacks Rank of 2. The company is scheduled to declare its third-quarter 2024 results on Nov. 5.
Only $1 to See All Zacks' Buys and Sells
We're not kidding.
Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.
Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators,and more, that closed 228 positions with double- and triple-digit gains in 2023 alone.
See Stocks Now >>Gartner, Inc. (IT) : Free Stock Analysis Report
Verisk Analytics, Inc. (VRSK) : Free Stock Analysis Report
Corpay, Inc. (CPAY) : Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
