NASDAQ$VRRM
Verra Mobility Corporation · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Verra Mobility's financial performance demonstrated strength in Q1 2023, driven by robust travel demand and strategic investments.
Verra Mobility reported a strong first quarter in 2023, with a 13% increase in total revenue to $191.9 million compared to the previous year. The company's net income was $4.6 million, or $0.03 per share, and adjusted EPS was $0.26. The adjusted EBITDA increased to $87.9 million, representing 46% of total revenue.
- Total revenue reached $191.9 million, a 13% increase year-over-year.
- Net income was reported at $4.6 million, with an EPS of $0.03.
- Adjusted EPS increased to $0.26, compared to $0.22 in the previous year.
- Adjusted EBITDA was $87.9 million, with a margin of 46%.
Headline financials
Revenue & EPS history
Verra Mobility · Revenue · Quarterly
$24.3M
Revenue by segment
Verra Mobility · $192M total across 3 segments · Q1 2023
- Government Solutions$85.9M+9.0%44.8%
- Commercial Services$85.6M+16.5%44.6%
- Parking Solutions$20.3M+12.2%10.6%
Forward guidance
Verra Mobility reaffirmed its fiscal year 2023 guidance issued on March 1, 2023.
Tailwinds
- Total revenue of $780 million to $800 million
- Adjusted EBITDA of $360 million to $370 million
- Adjusted EPS of $1.00 to $1.10
- Free Cash Flow of $135 million to $155 million
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2023
+0.0%
Avg return
Earnings day
-0.7%
Avg return
5 days after
-0.4%
Avg return
30 days after
51%
18 / 35 earnings
Positive
+9.4%
Q1 2024
Best reaction
-18.7%
Q3 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.2% | -4.8% | -70.3% | |
| Q4 2025 | -13.6% | -10.7% | -25.8% | |
| Q3 2025 | -2.5% | -3.0% | -7.1% | |
| Q1 2025 | +9.1% | +6.0% | +9.7% | |
| Q4 2024 | -11.8% | -16.5% | -22.2% | |
| Q3 2024 | -12.2% | -12.2% | -10.1% | |
| Q2 2024 | +0.6% | -0.6% | -4.3% | |
| Q1 2024 | +9.4% | +11.9% | +12.4% | |
| Q4 2023 | +6.1% | +0.2% | +15.8% | |
| Q3 2023 | +4.6% | +2.5% | +8.2% | |
| Q2 2023 | -1.4% | -5.4% | -13.5% | |
| Q1 2023 | +6.1% | +4.5% | +12.7% | |
| Q4 2022 | +3.0% | +2.0% | -1.8% | |
| Q3 2022 | -18.7% | -22.3% | -5.9% | |
| Q2 2022 | +4.7% | -1.3% | -4.0% | |
| Q1 2022 | +7.2% | +10.3% | +21.7% | |
| Q4 2021 | -1.9% | -6.5% | +2.4% | |
| Q3 2021 | +0.1% | +1.4% | -8.1% | |
| Q2 2021 | +6.0% | +4.4% | -1.8% | |
| Q1 2021 | -0.2% | +1.5% | +1.9% | |
| Q4 2020 | -2.5% | +2.2% | -5.0% | |
| Q3 2020 | +0.9% | +18.5% | +28.0% | |
| Q2 2020 | +3.2% | +2.6% | -6.7% | |
| Q1 2020 | +5.0% | +6.0% | +30.3% | |
| Q4 2019 | -3.9% | -20.4% | -58.5% | |
| Q3 2019 | +2.7% | +0.6% | -2.9% | |
| Q2 2019 | +6.5% | +8.6% | +10.4% | |
| Q1 2019 | +3.0% | +4.7% | +13.6% | |
| Q4 2017 | -1.9% | -2.7% | +25.1% | |
| Q2 2018 | -1.9% | -2.7% | +25.1% | |
| Q4 2018 | -1.9% | -2.7% | +25.1% | |
| Q3 2018 | +4.4% | +3.7% | -1.8% | |
| Q1 2018 | +0.0% | -0.2% | -0.1% | |
| Q2 2017 | +0.0% | -0.5% | -1.1% | |
| Q1 2017 | -5.6% | -3.2% | -4.0% |
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