Verra Mobility Q3 Adjusted Earnings, Revenue Rise; 2024 Outlook Maintained

MT Newswires Live11-01

Verra Mobility (VRRM) reported Q3 adjusted earnings late Thursday of $0.32 per diluted share, up from $0.29 a year earlier.

Analysts polled by Capital IQ expected $0.32.

Revenue for the quarter ended Sept. 30 rose to $225.6 million from $209.9 million a year earlier.

Analysts surveyed by Capital IQ expected $226.6 million.

For 2024, the company continues to expect adjusted EPS at the upper-end of $1.15 to $1.20 range and revenue at the upper-end of $865 million to $880 million. The consensus is for $1.20 and $880.5 million, respectively.

For 2025, Verra Mobility expects revenue growth at the low end of its long-term 6% to 8% range, it said.

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