Insurance data analytics provider Verisk Analytics (NASDAQ: VRSK) will be reporting results this Wednesday before market hours. Here’s what you need to know.
Verisk met analysts’ revenue expectations last quarter, reporting revenues of $753 million, up 7% year on year. It was a mixed quarter for the company, with a narrow beat of analysts’ constant currency revenue estimates but a slight 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.
This quarter, analysts are expecting Verisk’s revenue to grow 7.3% year on year to $769.4 million, improving from the 6.2% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.77 per share.
The majority of analysts covering the company have 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 0.8% on average.
Looking at Verisk’s peers in the data & business process 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 5.9%, beating analysts’ expectations by 1.5%, and TransUnion reported revenues up 9.5%, topping estimates by 3.7%. SS&C traded up 2.6% following the results while TransUnion was also up 5%.
Read our full analysis of SS&C’s results here and TransUnion’s results here.
There has been positive sentiment among investors in the data & business process services segment, with share prices up 2.3% on average over the last month. Verisk is down 5.5% during the same time and is heading into earnings with an average analyst price target of $309.75 (compared to the current share price of $294.43).
Unless you’ve been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story.
StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.
