Verra Mobility Updates FY23 Adj. EPS From $1-$1.10 To $1.05-$1.10 Vs $1.07 Est.; Revenue From $800M-$810M To Upper-End Of Prior Range Vs $806.16M Est.
Portfolio Pulse from Benzinga Newsdesk
Verra Mobility has updated its FY23 adjusted EPS from $1-$1.10 to $1.05-$1.10, compared to the estimated $1.07. The company also revised its revenue forecast from $800M-$810M to the upper-end of the prior range, against the estimated $806.16M.
November 09, 2023 | 10:26 pm
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Verra Mobility has revised its FY23 earnings and revenue forecasts. The adjusted EPS is now expected to be between $1.05 and $1.10, while revenue is expected to hit the upper-end of the $800M-$810M range.
Verra Mobility's updated earnings and revenue forecasts are in line with market expectations. This suggests that the company's performance is on track, which could maintain investor confidence. However, the impact on the stock price is uncertain as the revisions are not significantly higher than estimates.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100