Insurance data analytics provider Verisk Analytics (NASDAQ: VRSK) will be reporting results this Wednesday before the bell. Here’s what you need to know.
Verisk beat analysts’ revenue expectations last quarter, reporting revenues of $782.6 million, up 3.9% year on year. It was a satisfactory quarter for the company, with a beat of analysts’ EPS estimates but full-year EPS guidance in line with analysts’ estimates.
Is Verisk a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Verisk’s revenue to grow 4.1% year on year, slowing from the 7.8% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Verisk has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Verisk’s peers in the professional services segment, some have already reported their Q2 results, giving us a hint as to what we can expect. SS&C delivered year-on-year revenue growth of 10.3%, beating analysts’ expectations by 2.1%, and Equifax reported revenues up 10.6%, in line with consensus estimates. SS&C traded up 10.4% following the results while Equifax was down 5.3%.
Read our full analysis of SS&C’s results here and Equifax’s results here.
There has been positive sentiment among investors in the professional services segment, with share prices up 3.2% on average over the last month. Verisk is up 14.7% during the same time and is heading into earnings with an average analyst price target of $225.06 (compared to the current share price of $205.54).
ALSO WORTH WATCHING: Nvidia’s Quiet Partner. Nvidia’s chips cost a hundred grand. The connectors that make them work cost even more. One company makes them all.
Every AI server needs specialized infrastructure the chip companies don’t make. High-speed cables. Power connectors. Thermal sensors. This 90-year-old company built a monopoly on it. The AI boom just started. This stock is still flying under the radar. Claim The Stock Ticker Here for FREE.
