Verra Mobility Q4 EPS $0.24 Misses $0.26 Estimate, Sales $211.01M Beat $202.71M Estimate
Portfolio Pulse from Happy Mohamed
Verra Mobility (NASDAQ:VRRM) reported Q4 earnings of $0.24 per share, missing the consensus estimate of $0.26, a 4% decrease from last year. However, their quarterly sales of $211.01M exceeded estimates by 4.10%, marking a 13.41% increase from the previous year.
February 29, 2024 | 9:07 pm
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NEUTRAL IMPACT
Verra Mobility's Q4 earnings per share missed estimates, showing a decrease from the previous year, but their sales exceeded expectations with a significant year-over-year increase.
The missed EPS estimate and year-over-year decrease could negatively impact investor sentiment in the short term. However, the significant beat on sales estimates and year-over-year growth could offset this negative impact, leading to a neutral short-term price direction.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100