Verisk Analytics Q3 Adj $1.52 Beats $1.47 Estimate, Sales $677.60M Beat $663.59M Estimate
Portfolio Pulse from Benzinga Newsdesk
Verisk Analytics (NASDAQ:VRSK) reported Q3 earnings of $1.52 per share, beating the analyst consensus estimate of $1.47 by 3.4%. This is a 4.11% increase from the same period last year. The company also reported quarterly sales of $677.60 million, beating the analyst consensus estimate of $663.59 million by 2.11%. However, this is a 9.08% decrease from the same period last year.
November 01, 2023 | 10:50 am
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NEUTRAL IMPACT
Verisk Analytics reported better than expected Q3 earnings and sales, but experienced a YoY decrease in sales.
While Verisk Analytics beat Q3 earnings and sales estimates, the YoY decrease in sales could potentially offset the positive impact of the earnings beat. This could lead to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100