Verra Mobility Corporation - Class A Common Stock (VRRM)
21.68
-0.89 (-3.94%)
Verra Mobility Corp is a leading provider of smart transportation solutions that enhance mobility and improve public safety
The company specializes in offering technology-driven services related to vehicle registration, tolling, and automated traffic enforcement to governmental agencies and municipalities. By leveraging advanced technologies and data analytics, Verra Mobility helps streamline operations, reduce congestion, and promote compliance with traffic regulations. Their comprehensive suite of solutions is designed to facilitate seamless transportation experiences while promoting safer roadways for all users.
Shares of traffic solutions company Verra Mobility (NYSEVRRM) fell 12.2% in the morning session after the company reported mixed fourth quarter 2024 results as its EBITDA forecast came in a little shy of expectations. Despite this, revenue increased 5% year-on-year, driven by strong demand in the Commercial Services and Government Solutions segments, with travel-related tolling activity and automated traffic enforcement programs contributing to the gains. However, the Parking Solutions segment underperformed, with a 13% revenue decline and a goodwill impairment charge, which weighed on overall profitability.
Looking ahead, the company guided for 2025 revenue growth of up to 6%, with adjusted EBITDA expected to improve, though at a slower pace than analysts had hoped.
Zooming out, we think this was a decent quarter featuring some areas of strength but also some blemishes. The market seemed to focus on the negatives.
Traffic solutions company Verra Mobility (NYSEVRRM) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 5% year on year to $221.5 million. The company’s outlook for the full year was close to analysts’ estimates with revenue guided to $930 million at the midpoint. Its non-GAAP profit of $0.33 per share was 11.2% above analysts’ consensus estimates.
Investors are keeping a close eye on VERRA MOBILITY CORP (NASDAQVRRM) as it boasts an impressive technical rating of 7 out of 10, signaling a possible breakout.
As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the electrical systems industry, including Powell (NASDAQPOWL) and its peers.
Over the past six months, Verra Mobility’s stock price fell to $23.74. Shareholders have lost 13.3% of their capital, which is disappointing considering the S&P 500 has climbed by 9.7%. This was partly driven by its softer quarterly results and might have investors contemplating their next move.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Verra Mobility (NASDAQVRRM) and the rest of the electrical systems stocks fared in Q3.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Acuity Brands (NYSEAYI) and the rest of the electrical systems stocks fared in Q3.
Traffic solutions company Verra Mobility (NYSEVRRM) met Wall Street’s revenue expectations in Q3 CY2024, with sales up 7.4% year on year to $225.6 million. On the other hand, the company’s full-year revenue guidance of $872.5 million at the midpoint came in slightly below analysts’ estimates. Its non-GAAP profit of $0.32 per share was 1.4% above analysts’ consensus estimates.
Investors are always on the lookout for companies offering innovative solutions. The reward for investing in such stocks can often be lucrative, with Synaptics and Verra Mobility being two options to consider after impressive quarterly results.
Gainers Axcella Health Inc. (NASDAQAXLA) shares climbed 196% to $0.3335 after the company announced it was granted a patent for long COVID fatigue treatment.
