Insurance data analytics provider Verisk Analytics (NASDAQ: VRSK) will be reporting earnings this Wednesday before the bell. Here’s what you need to know.
Verisk met analysts’ revenue expectations last quarter, reporting revenues of $772.6 million, up 7.8% year on year. It was a mixed quarter for the company, with a beat of analysts’ EPS estimates but a miss of analysts’ full-year EPS guidance estimates.
Is Verisk a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Verisk’s revenue to grow 7.1% year on year to $776.8 million, in line with the 7% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.70 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Verisk has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 0.5% on average.
Looking at Verisk’s peers in the data & business process services segment, some have already reported their Q3 results, giving us a hint as to what we can expect. TransUnion delivered year-on-year revenue growth of 7.8%, beating analysts’ expectations by 3.2%, and Equifax reported revenues up 7.2%, topping estimates by 1.4%. TransUnion traded up 6.1% following the results while Equifax’s stock price was unchanged.
Read our full analysis of TransUnion’s results here and Equifax’s results here.
Investors in the data & business process services segment have had steady hands going into earnings, with share prices up 1.3% on average over the last month. Verisk is down 6.3% during the same time and is heading into earnings with an average analyst price target of $290.53 (compared to the current share price of $233.07).
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