Insurance data analytics provider Verisk Analytics (NASDAQ: VRSK) will be announcing earnings results this Thursday before the bell. Here’s what investors should know.
Verisk met analysts’ revenue expectations last quarter, reporting revenues of $806.3 million, up 4.4% year on year. It was a mixed quarter for the company, with a beat of analysts’ EPS 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 for active Edge members.
This quarter, the market is expecting Verisk’s revenue to grow 5% year on year, in line with the 5.9% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Verisk rarely misses Wall Street’s revenue estimates.
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. Broadridge delivered year-on-year revenue growth of 5%, beating analysts’ expectations by 1.7%, and EXL reported revenues up 19.7%, topping estimates by 3.2%. EXL’s stock price was unchanged following the results.
Read our full analysis of Broadridge’s results here and EXL’s results here.
Investors in the data & business process services segment have had steady hands going into earnings, with share prices flat over the last month. Verisk is up 20.6% during the same time and is heading into earnings with an average analyst price target of $226.47 (compared to the current share price of $196.95).
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