Verra Mobility Corporation reports results for the quarter ended September 30 - Earnings Summary

• Verra Mobility Corporation reported quarterly adjusted earnings of 36 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 37 cents. The mean expectation of eight analysts for the quarter was for earnings of 26 cents per share. Wall Street expected results to range from 24 cents to 28 cents per share.

• Revenue fell 1.2% to $258.88 million from a year ago; analysts expected $241.25 million.

• Verra Mobility Corporation's reported EPS for the quarter was 27 cents​.

• The company reported quarterly net income of $40.39 million.

• Verra Mobility Corporation shares had risen by 7.7% this quarter and lost 85.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 26.3% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 8 "hold" and no "sell" or "strong sell." The average consensus recommendation for the business support services peer group is "buy."

• Wall Street's median 12-month price target for Verra Mobility Corporation is $6.00, about 44.3% above its last closing price of $3.34

This summary was machine generated from LSEG data October 30 at 04:00 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)