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Verisk Analytics (NASDAQ:), a renowned player in the business services sector, is set to release its third-quarter results for 2023 on November 1. The company has an established track record of exceeding Zacks Consensus Estimate by an average of 9.9%, and current indicators suggest this trend may continue.
Despite segment dispositions impacting the top line, Verisk’s Insurance segment has remained robust. However, the company’s revenue is projected to be $662.6 million, marking an 11.1% decline from the same period last year.
The company has maintained its bottom line estimate at $1.46 per share. This stability is attributed to cost-saving measures and recent acquisitions, which have offset higher Travel and Entertainment costs that have negatively affected the company’s margin.
In addition to these factors, Verisk Analytics has a positive Earnings ESP (Expected Surprise Prediction) of +2.41% and a Zacks Rank of 3, both of which hint at a potential earnings beat.
Other companies in the Zacks Business Services sector also seem promising, such as Aptiv (NYSE:). Aptiv is expected to show an 8.2% increase in revenue, according to the Earnings ESP Filter tool used by analysts.
InvestingPro Insights
According to InvestingPro, Verisk Analytics (VRSK) has a number of positive indicators that may further explain the company’s potential for an earnings beat. The InvestingPro Tips suggest that the company’s management has been proactively buying back shares and the revenue growth has been accelerating. These factors could potentially contribute to a positive earnings report.
In terms of InvestingPro’s real-time data, Verisk’s market cap stands at a substantial 32590.0M USD. The company’s P/E Ratio is 68.13, suggesting investors are willing to pay a high price for its earnings. Furthermore, its revenue growth for the last twelve months as of Q2 2023 is 14.34%, indicating a strong financial performance.
In addition to these insights, InvestingPro offers numerous other tips and data points for Verisk Analytics. For more detailed information, consider subscribing to InvestingPro’s premium service.
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