U.S. Markets closed

Verisk's Xactware Introduces Repair Estimation Application

Zacks Equity Research

Verisk Analytics, Inc’s VRSK business, Xactware, yesterday introduced EstimateON, a mobile application that provides repair and improvement cost estimates to real estate professionals.

Upon entry of property address and a description of the type of work, the application immediately generates an estimate based on actual labor and material rates associated with similar jobs in the local area.

EstimateON seems to be useful in real estate transactions as an immediate estimate of repair or remodeling cost can be factored into deals in real time. This will speed up negotiations and help close more deals.

The application uses Xactware's comprehensive pricing data that includes localized, independently researched cost information for more than 10,000 material, labor, and equipment items.

We observe that shares of Verisk have rallied 14.9% in the past year, against the 1% decline of the industry it belongs to.

 

Our Take

We believe that the new offering will boost Verisk’s insurance segment that provides repair cost estimating solutions. Performance in the segment was particularly strong in the last reported quarter with revenues of $427.7 million, up 8% year over year on a reported basis and 5.5% at organic constant currency (cc).

In the segment, claims revenues of $142.6 million rose 6.3% on a reported basis and 4% at organic cc.

Zacks Rank & Stocks to Consider

Currently, Verisk carries a Zacks Rank #4 (Sell).

A few better-ranked stocks in the broader Business Services sector are Republic Services RSG, Waste Connections WCN and Navigant Consulting NCI, each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Long-term expected EPS (three to five years) growth rate for Republic Services, Waste Connections and Navigant is 10.7%, 11.7% and 13.5%, respectively.

Today's Stocks from Zacks' Hottest Strategies

It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6% and +67.1%.

And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.

See Them Free>>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Verisk Analytics, Inc. (VRSK) : Free Stock Analysis Report
 
Navigant Consulting, Inc. (NCI) : Free Stock Analysis Report
 
Waste Connections, Inc. (WCN) : Free Stock Analysis Report
 
Republic Services, Inc. (RSG) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research