* Verra Mobility Corp reported quarterly adjusted earnings of 32 cents per share for the quarter ended January 1, higher than the same quarter last year, when the company reported EPS of 29 cents. The mean expectation of seven analysts for the quarter was for earnings of 32 cents per share. Wall Street expected results to range from 31 cents to 33 cents per share.
* Revenue rose 7.4% to $225.55 million from a year ago; analysts expected $226.64 million.
* Verra Mobility Corp's reported EPS for the quarter was 21 cents.
* The company reported quarterly net income of $34.73 million.
* Verra Mobility Corp shares had fallen by 5.4% this quarter and gained 14.3% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 0.9% in the last three months.
* In the last 30 days, one analyst negatively revised an earnings estimate
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the business support services peer group is also "buy"
Wall Street's median 12-month price target for Verra Mobility Corp is $30.50 This summary was machine generated from LSEG data November 1 at 03:34 a.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Sep. 30 2024 0.32 0.32 Met
Jun. 30 2024 0.30 0.31 Beat
Mar. 31 2024 0.26 0.27 Beat
Dec. 31 2023 0.26 0.24 Missed
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