Verisk (VRSK) Beats Earnings and Revenue Estimates in Q4

IT VRSK APTV

Verisk Analytics Inc. (VRSK - Free Report)  reported better-than-expected fourth-quarter 2022 results.

Adjusted earnings (excluding $1.04 from non-recurring items) were $1.43, beating the Zacks Consensus Estimate by 22.2%. Such a beat was supported by strong segmental revenue growth and core operating leverage. Adjusted earnings decreased 2.7% on a year-over-year basis.

Total revenues of $630 million surpassed the consensus estimate by 2.4% but decreased 17.7% from the year-ago figure. The reduced top line can be correlated to the sale of the company’s environmental health and safety business ("3E") and Financial Services segment.

Verisk underperformed its industry in the past year. Verisk has lost 5.8% in the past year compared with the industry’s 4.8% decline.

Free Report Reveals How You Could Profit from the Growing Electric Vehicle Industry

Globally, electric car sales continue their remarkable growth even after breaking records in 2021. High gas prices have fueled his demand, but so has evolving EV comfort, features and technology. So, the fervor for EVs will be around long after gas prices normalize. Not only are manufacturers seeing record-high profits, but producers of EV-related technology are raking in the dough as well. Do you know how to cash in?  If not, we have the perfect report for you – and it’s FREE! Today, don't miss your chance to download Zacks' top 5 stocks for the electric vehicle revolution at no cost and with no obligation.

>>Send me my free report on the top 5 EV stocks<<