Verra Mobility Q1 EPS $0.27 Beats $0.26 Estimate, Sales $209.73M Beat $203.02M Estimate
Portfolio Pulse from Benzinga Newsdesk
Verra Mobility (NASDAQ:VRRM) reported Q1 earnings of $0.27 per share, surpassing the consensus estimate of $0.26, and sales of $209.73M, beating the $203.02M estimate. This represents a 3.85% increase in earnings and a 9.29% increase in sales over the same period last year.
May 02, 2024 | 8:08 pm
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Verra Mobility reported a positive earnings surprise with Q1 EPS of $0.27, beating estimates, and sales of $209.73M, also above expectations.
Beating both earnings and sales estimates typically leads to positive investor sentiment and can result in a short-term stock price increase. The reported growth over the previous year further strengthens the case for a positive impact on VRRM's stock price.
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