Verra Mobility Q3 2024 Adj EPS $0.32, Inline, Sales $225.55M Miss $226.64M Estimate
Portfolio Pulse from Benzinga Newsdesk
Verra Mobility reported Q3 2024 earnings per share of $0.32, meeting analyst expectations, but sales of $225.55 million slightly missed the $226.64 million estimate. Despite the sales miss, both earnings and sales showed year-over-year growth.
October 31, 2024 | 8:08 pm
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NEUTRAL IMPACT
Verra Mobility's Q3 2024 earnings per share met expectations at $0.32, but sales slightly missed estimates at $225.55 million. Both earnings and sales increased year-over-year.
The earnings per share met expectations, which is neutral for the stock price. The slight miss in sales is a minor negative, but the year-over-year growth in both earnings and sales is a positive sign. Overall, the impact on the stock price is likely neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100