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Based in Jersey City, New Jersey, Verisk Analytics, Inc. (VRSK) is a leader in data analytics and risk assessment solutions. It is renowned for its comprehensive suite of services, including data analytics, insurance solutions, and decision-support tools. With a market cap of $39.46 billion, Verisk is recognized for its innovation, technological excellence, and commitment to enhancing the risk management industry. Verisk is scheduled to announce its fiscal Q2 earnings results before the market opens on Wednesday, Jul. 31.
Ahead of the event, analysts expect VRSK to report a profit of $1.63 per share, up 8% from $1.51 in the year-ago quarter. In the last four quarters, the company has surpassed Wall Street’s bottom-line estimates in three and missed on another occasion.
Its adjusted earnings of $1.63 per share for the last quarter surpassed the consensus estimate by 7.2%. The company’s earnings were driven by strong performance in its insurance data and analytics segment.
For fiscal 2024, analysts expect VRSK to report EPS of $6.55, up 14.7% from $5.71 in fiscal 2023.
VRSK stock is up 15.8% on a YTD basis, outperforming the broader S&P 500 Index's ($SPX) 13.8% gains and the iShares U.S. Industrials ETF’s (IYJ) 6.3% returns over the same time frame.
VRSK reported Q1 results on May 1. The company reported revenue of $704 million, exceeding the forecasted $699.90 million. The company anticipates revenue between $2.84 billion and $2.90 billion for the full year. The stock gained 6.8% on the day it released earnings.
The consensus opinion on VRSK stock is optimistic, with an overall “Moderate Buy” rating. Out of 17 analysts covering the stock, five advise a “Strong Buy” rating, two suggest a “Moderate Buy” rating, and 10 recommend a “Hold.” VRSK's average analyst price target is $259.93, which indicates that the stock trades at a premium.
On the date of publication, Rashmi Kumari did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
