Verisk Analytics Q3 2024 Adj. EPS $1.67 Beats $1.60 Estimate, Sales $725.300 Miss $722.167M Estimate
Portfolio Pulse from Benzinga Newsdesk
Verisk Analytics reported Q3 2024 earnings per share of $1.67, surpassing the expected $1.60. However, their sales of $725.3 million fell short of the $722.167 million estimate. Despite the sales miss, this represents a significant increase from last year's $677.6 million.
October 30, 2024 | 11:19 am
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Verisk Analytics reported better-than-expected Q3 2024 EPS of $1.67, but sales of $725.3M missed estimates. Despite the sales miss, sales increased from last year's $677.6M.
The positive EPS surprise is likely to have a favorable impact on the stock price, as it indicates better profitability than expected. The sales miss is minor and offset by the significant year-over-year sales growth, which should mitigate negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100