NASDAQ$VRRM
Verra Mobility Corporation · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
Announced financial results, showing a decrease in revenue compared to the same quarter last year but a return to profitability with strong cash flow.
Verra Mobility reported a decrease in revenue for Q3 2020 compared to Q3 2019, but demonstrated strong cash flow generation and a return to profitability. The company's Commercial Services segment was negatively impacted by COVID-19, while the Government Solutions segment continued to show strength.
- Total revenue for Q3 2020 was $96.9 million, a 24.4% decrease compared to Q3 2019.
- Net income for Q3 2020 was $6.7 million, or $0.04 per share.
- Adjusted EBITDA was $53.5 million for Q3 2020, compared to $70.8 million in the same period last year.
- Government Solutions segment revenue grew 4% over the same period in 2019.
Headline financials
Revenue & EPS history
Verra Mobility · Revenue · Quarterly
$96.9M
Revenue by segment
Verra Mobility · $97M total across 2 segments · Q3 2020
- Government Solutions$52.8M+3.9%54.4%
- Commercial Services$44.2M-43.0%45.6%
Forward guidance
This press release contains forward-looking statements which address the Company’s expected future business and financial performance, and may contain words such as “goal,” “target,” “future,” “estimate,” “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “project,” “may,” “should,” “will” or similar expressions.
Tailwinds
- Benefits of the Company’s strategic acquisitions
- Changes in the market for our products and services
- Expected operating results, such as revenue growth
- Expansion plans and opportunities
- Earnings guidance related to 2020 financial and operational metrics
Headwinds
- the disruption to our business and results of operations as a result of the COVID-19 pandemic
- the impact of the COVID-19 pandemic on our revenues from key customers in the rental car industry and from photo enforcement programs
- customer concentration in our Commercial Services and Government Solutions segments
- decreases in the prevalence of automated photo enforcement or the use of tolling
- risks and uncertainties related to our government contracts, including but not limited to administrative hurdles, legislative changes, termination rights, audits and investigations
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 Q3 2020
+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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