Verisk Analytics, Inc. (VRSK - Free Report) is scheduled to report third-quarter fiscal 2022 results on Nov 1, after market close.
VRSK’s earnings surprise history has been impressing so far. It witnessed an earnings surprise of 3.8% in the last four quarters (three beats and one miss), on average.
Against this backdrop, let's check out how things have shaped up for Verisk prior to the announcement:
Q3 Expectations
The Zacks Consensus Estimate for Verisk’s third-quarter 2022 revenues stands at $757.8 million, indicating a fall of 0.2% from the year-ago fiscal period’s reported figure.
The consensus estimate for the Insurance segment’s revenues is pegged at $623 million, indicating growth of 11.6% from the prior-year fiscal period’s reported figure. Within the segment, underwriting and ratings revenues are likely to have been driven by an annual increase in prices derived from the continued enhancements of the content of solutions within the industry-standard insurance programs as well as the sale of expanded solutions to the existing customers in commercial and personal lines.
The consensus mark for Energy and Specialized Markets segment’s revenues is pegged at $138 million, indicating a 16.8% decline from the year-ago fiscal quarter’s reported figure.
Verisk’s bottom line is likely to have benefited from organic growth, lower provision for income taxes, decreased interest expenses and a fall in average share count. The Zacks Consensus Estimate for the to-be-reported quarter’s earnings is pegged at $1.46 per share, indicating growth of 1.4% from the year-ago fiscal quarter’s reported figure.
What Our Model Says
Our proven model conclusively predicts an earnings beat for Verisk this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is exactly the case here as elaborated below. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.
Verisk has an Earnings ESP of +0.17% and a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Stocks to Consider
Here are a few stocks worth considering from the broader Zacks Business Services sector, as our model shows that these have the right combination of elements to beat on earnings this season:
Gartner, Inc. (IT - Free Report) has an Earnings ESP of +1.89% and a Zacks Rank #3.
IT has an expected revenue growth rate of 13.7% and 10.3% for the current and next fiscal year, respectively. Gartner has a trailing four-quarter earnings surprise of 25.3%, on average.
Trane Technologies plc (TT - Free Report) has an Earnings ESP of +2.09% and a Zacks Rank of 3.
Trane Technologies has an expected earnings growth rate of 16.3% for the current year. TT has a trailing four-quarter earnings surprise of 3.9%, on average.
Riot Blockchain (RIOT - Free Report) has an Earnings ESP of +125.49% and is Zacks #3 Ranked.
Riot has an expected revenue growth rate of 41.2% for the current year and 69.1% for next year.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
4 Oil Stocks with Massive Upsides
Global demand for oil is through the roof... and oil producers are struggling to keep up. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold."
Zacks Investment Research has just released an urgent special report to help you bank on this trend.
In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months. You don't want to miss these recommendations.
Download your free report now to see them.
Verisk Analytics, Inc. (VRSK - Free Report) is scheduled to report third-quarter fiscal 2022 results on Nov 1, after market close.
VRSK’s earnings surprise history has been impressing so far. It witnessed an earnings surprise of 3.8% in the last four quarters (three beats and one miss), on average.
Against this backdrop, let's check out how things have shaped up for Verisk prior to the announcement:
Q3 Expectations
The Zacks Consensus Estimate for Verisk’s third-quarter 2022 revenues stands at $757.8 million, indicating a fall of 0.2% from the year-ago fiscal period’s reported figure.
The consensus estimate for the Insurance segment’s revenues is pegged at $623 million, indicating growth of 11.6% from the prior-year fiscal period’s reported figure. Within the segment, underwriting and ratings revenues are likely to have been driven by an annual increase in prices derived from the continued enhancements of the content of solutions within the industry-standard insurance programs as well as the sale of expanded solutions to the existing customers in commercial and personal lines.
The consensus mark for Energy and Specialized Markets segment’s revenues is pegged at $138 million, indicating a 16.8% decline from the year-ago fiscal quarter’s reported figure.
Verisk’s bottom line is likely to have benefited from organic growth, lower provision for income taxes, decreased interest expenses and a fall in average share count. The Zacks Consensus Estimate for the to-be-reported quarter’s earnings is pegged at $1.46 per share, indicating growth of 1.4% from the year-ago fiscal quarter’s reported figure.
What Our Model Says
Our proven model conclusively predicts an earnings beat for Verisk this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is exactly the case here as elaborated below. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.
Verisk has an Earnings ESP of +0.17% and a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Stocks to Consider
Here are a few stocks worth considering from the broader Zacks Business Services sector, as our model shows that these have the right combination of elements to beat on earnings this season:
Gartner, Inc. (IT - Free Report) has an Earnings ESP of +1.89% and a Zacks Rank #3.
IT has an expected revenue growth rate of 13.7% and 10.3% for the current and next fiscal year, respectively. Gartner has a trailing four-quarter earnings surprise of 25.3%, on average.
Trane Technologies plc (TT - Free Report) has an Earnings ESP of +2.09% and a Zacks Rank of 3.
Trane Technologies has an expected earnings growth rate of 16.3% for the current year. TT has a trailing four-quarter earnings surprise of 3.9%, on average.
Riot Blockchain (RIOT - Free Report) has an Earnings ESP of +125.49% and is Zacks #3 Ranked.
Riot has an expected revenue growth rate of 41.2% for the current year and 69.1% for next year.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
4 Oil Stocks with Massive Upsides
Global demand for oil is through the roof... and oil producers are struggling to keep up. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold."
Zacks Investment Research has just released an urgent special report to help you bank on this trend.
In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months. You don't want to miss these recommendations.
Download your free report now to see them.
Get the latest research report on IT - FREE
Get the latest research report on VRSK - FREE
Get the latest research report on TT - FREE
Get the latest research report on RIOT - FREE