NASDAQ$VRRM
Verra Mobility Corporation · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Verra Mobility reported solid third-quarter results, driven by strong revenue, earnings, and cash flow generation.
Verra Mobility announced its Q3 2024 financial results, posting a total revenue of $225.6 million and a net income of $34.7 million. The company saw growth in Commercial Services and Government Solutions, and increased its Adjusted Free Cash Flow guidance for the year.
- Total revenue for the third quarter of 2024 was $225.6 million, an increase of 7% compared to the third quarter of 2023.
- Net income for the third quarter of 2024 was $34.7 million, or $0.21 per share.
- Adjusted EPS for the third quarter of 2024 was $0.32 per share compared to $0.29 per share for the third quarter of 2023.
- Net cash provided from operations increased to $108.8 million.
Headline financials
Revenue & EPS history
Verra Mobility · Revenue · Quarterly
$28.4M
Revenue by segment
Verra Mobility · $210M total across 3 segments · Q3 2023
- Commercial Services$98.1M+13.9%46.7%
- Government Solutions$90.3M+0.7%43.0%
- Parking Solutions$21.5M-1.8%10.2%
Forward guidance
Verra Mobility reaffirmed its 2024 full-year guidance for Total Revenue, Adjusted EBITDA and Adjusted EPS and increasing Adjusted Free Cash Flow to the upper-end of the range.
Tailwinds
- Total Revenue at the upper-end of the range of $865 million to $880 million
- Adjusted EBITDA at the upper-end of the range of $395 million to $405 million
- Adjusted EPS at the upper-end of the range of $1.15 to $1.20
- Adjusted Free Cash Flow at the upper-end of the range of $155 million to $165 million
- Net Leverage of approximately 2.0x
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 2024
+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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