Verisk Raised Its FY23 Outlook, Now Expects Revenue Of $2.63B To $2.66B (Prior $2.59B-$2.63B) Vs. $2.63B Est.; Adjusted EBITDA Of $1.39B-$1.43B (Prior $1.37B-$1.42B); And Diluted Adjusted EPS Of $5.50-$5.70 (Prior $5.20-$5.50) Vs. $5.53 Est.
Portfolio Pulse from Benzinga Newsdesk
Verisk has increased its FY23 outlook, now expecting revenue of $2.63B to $2.66B, adjusted EBITDA of $1.39B-$1.43B, and diluted adjusted EPS of $5.50-$5.70. The company's expectations for adjusted EBITDA margins remain unchanged at 53-54%.
August 04, 2023 | 11:02 am
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Verisk's raised FY23 outlook could lead to increased investor confidence and potentially a short-term rise in stock price.
Verisk's raised FY23 outlook indicates strong financial performance and future growth, which could increase investor confidence and drive up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100