Verisk Trims Guidance After Q3 Miss; Q4 Revenue Seen at $773.5M
Verisk Analytics reported Q3 revenue of $768.3 million, up 5.9% year-over-year but 1.1% below analyst estimates and trimmed full-year guidance. For Q4, analysts forecast 5.1% revenue growth to $773.5 million and adjusted EPS of $1.60 as industry peers post stronger gains.
1. Q3 Performance and Guidance
Verisk Analytics reported Q3 revenue of $768.3 million, up 5.9% year-over-year, but missed estimates by 1.1% and trimmed full-year revenue guidance after back-to-back quarterly shortfalls.
2. Q4 Expectations
Analysts project Q4 revenue of $773.5 million, a 5.1% increase from a year earlier, and adjusted EPS of $1.60, marking a slowdown from the 8.6% revenue growth in the same quarter last year.
3. Peer Comparison and Sector Trends
Broadridge posted 7.8% year-over-year revenue growth, beating forecasts by 6.5%, while SS&C grew 8.1% and topped estimates by 1.9%. The data services sector has underperformed, with average share prices down 5.3% over the past month.
4. Share Performance and Valuation
Verisk’s stock has fallen 17.6% over the past month, underperforming peers, and trades around $179.94 against an average analyst target of $245.81. Potential trade policy and corporate tax discussions could influence near-term performance.