VRSK Earnings Prediction
The chart below shows how VRSK performed 10 days before and after its earnings report, based on data from the past quarters. Typically, VRSK sees a +0.68% change in stock price 10 days leading up to the earnings, and a +4.32% change 10 days following the report. On the earnings day itself, the stock moves by +0.12%. This data can give you a slight idea of what to expect for the next quarter's release.
VRSK Key Earning Data
VRSK Earnings Analysis
Positive
Quarterly Revenue Increase: Third quarter revenue was $725 million, up 7% versus the prior year, reflecting consistent levels of growth across both underwriting and claims.
Earnings Growth Overview: Income from continuing operations was $220 million, up 17.4% versus the prior year, while diluted GAAP earnings per share from continuing operations were $1.54, up 19.4% versus the prior year.
Diluted EPS Increase Factors: The increase in diluted GAAP EPS was driven by strong operating performance, a litigation reserve expense in the prior year period, and a lower effective tax rate.
Consistent Revenue Growth: Our operating results demonstrated consistent growth across both underwriting and claims, with OCC revenues growing 6.8%, with growth of 6.5% in underwriting and 7.4% in claims.
Subscription Revenue Growth: Our subscription revenues, which comprised 82% of our total revenue in the quarter, grew 9.1% on an OCC basis during the third quarter, building upon the 9.3% OCC growth we delivered last year.
Negative
Revenue Growth Slowdown: The third quarter revenue was $725 million, up only 7% versus the prior year, indicating a slowdown in growth.
Operational Revenue Decline: The operational revenue growth was 6.8%, down from 9.4% in the previous year, reflecting a decline in performance.
Transactional Revenue Decline: The transactional revenues declined by 2.5% on an OCC basis, indicating a decrease in business activity.
Net Interest Expense Increase: The net interest expense increased to $32 million compared to $29 million in the same period last year, reflecting higher costs.
Adjusted Net Income Growth: The adjusted net income increased by only 7.8% to $239 million, suggesting limited growth potential.
VRSK FAQs
How does VRSK typically perform around its earnings report dates?
VRSK's stock performance around earnings reports can vary, but historical data shows specific patterns, such as a +0.68% change leading up to the report and a +4.32% change in the 10 days following the release.
Is Verisk Analytics, Inc. (VRSK) Q3 2024 Earnings Call Summary positive or negative?
How can historical earnings data help predict future stock performance?
VRSK Earning Call Sentiment
Verisk Analytics, Inc. (VRSK) Q3 2024 Earnings Call Transcript
VRSK.O
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