Verra Mobility Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags
Verra Mobility (NASDAQ:VRRM) Full Year 2023 Results
Key Financial Results
Revenue: US$817.3m (up 10% from FY 2022).
Net income: US$57.0m (down 38% from FY 2022).
Profit margin: 7.0% (down from 13% in FY 2022). The decrease in margin was driven by higher expenses.
EPS: US$0.36 (down from US$0.60 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Verra Mobility Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) missed analyst estimates by 32%.
Looking ahead, revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Professional Services industry in the US.
Performance of the American Professional Services industry.
The company's shares are up 3.9% from a week ago.
Risk Analysis
Be aware that Verra Mobility is showing 3 warning signs in our investment analysis and 1 of those shouldn't be ignored...
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