Verisk Analytics Q2 EPS $1.51 Beats $1.40 Estimate, Sales $675.00M Beat $653.13M Estimate
Portfolio Pulse from Benzinga Newsdesk
Verisk Analytics reported Q2 earnings of $1.51 per share, beating the analyst consensus estimate of $1.40 by 7.86%. However, this is a 1.31% decrease from the same period last year. The company also reported quarterly sales of $675.00 million, beating the analyst consensus estimate of $653.13 million by 3.35%, but this is a 9.55% decrease from the same period last year.
August 04, 2023 | 11:00 am
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NEUTRAL IMPACT
Verisk Analytics reported better than expected Q2 earnings and sales, but both are down from the same period last year.
While Verisk Analytics beat the Q2 estimates, the year-on-year decreases in earnings and sales could potentially offset the positive impact of beating estimates. Therefore, the short term impact on the stock price is neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100