Insurance data analytics provider Verisk Analytics (NASDAQ: VRSK) will be reporting earnings tomorrow before market hours. Here’s what you need to know.
Verisk met analysts’ revenue expectations last quarter, reporting revenues of $735.6 million, up 8.6% year on year. It was a slower quarter for the company, with a significant 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 6.7% year on year to $750.8 million, slowing from the 8% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.68 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 1.2% on average.
Looking at Verisk’s peers in the data & business process services segment, some have already reported their Q1 results, giving us a hint as to what we can expect. CoStar delivered year-on-year revenue growth of 11.5%, meeting analysts’ expectations, and Dun & Bradstreet reported revenues up 2.7%, in line with consensus estimates. CoStar traded down 10.2% following the results while Dun & Bradstreet’s stock price was unchanged.
Read our full analysis of CoStar’s results here and Dun & Bradstreet’s results here.
There has been positive sentiment among investors in the data & business process services segment, with share prices up 11.2% on average over the last month. Verisk is up 6% during the same time and is heading into earnings with an average analyst price target of $294.02 (compared to the current share price of $294.75).
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