Red Violet, Inc. (RDVT) came out with quarterly earnings of $0.22 per share, missing the Zacks Consensus Estimate of $0.23 per share. This compares to earnings of $0.87 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -4.35%. A quarter ago, it was expected that this company would post earnings of $0.19 per share when it actually produced earnings of $0.28, delivering a surprise of 47.37%.Over the last four quarters, the company ...

BOCA RATON, Fla., Nov. 06, 2024 (GLOBE NEWSWIRE) -- Red Violet, Inc. (NASDAQ: RDVT), a leading analytics and information solutions provider, today announced that it will participate in the Southwest IDEAS Investor Conference being held in Dallas on November 21, 2024. Camilo Ramirez, Senior Vice President, Finance and Investor Relations, will present and host investor meetings.   About red violet®At red violet, we build proprietary technologies and apply analytical capabilities to deliver identity intelligen ...

Company Overview - Red Violet, Inc. (RDVT) shares increased by 7.6% to $30.97 in the last trading session, following a period of 5.1% loss over the past four weeks [1] - The company is experiencing growth due to increased transaction volumes and a broader customer base, particularly in law enforcement and financial services [1] Earnings and Revenue Expectations - Red Violet is projected to report quarterly earnings of $0.23 per share, reflecting a year-over-year decline of 73.6% [1] - Expected revenues for the upcoming quarter are $18.44 million, which represents a 16.4% increase compared to the same quarter last year [1] Market Trends and Stock Performance - The consensus EPS estimate for Red Violet has remained unchanged over the last 30 days, indicating a lack of upward momentum in earnings estimate revisions [2] - The stock currently holds a Zacks Rank of 3 (Hold), suggesting a neutral outlook [2] Industry Context - Red Violet operates within the Zacks Internet - Software and Services industry, which includes other companies like Globant (GLOB) [2] - Globant's stock increased by 3.3% to $223.67, with a month-to-date return of 11.9% [2] - Globant's consensus EPS estimate has seen a slight decrease of 0.1% over the past month, with a year-over-year change of +10.8% [2]

BOCA RATON, Fla., Aug. 13, 2024 (GLOBE NEWSWIRE) -- Interactive Data, LLC ("IDI"), a red violet company (NASDAQ: RDVT), and trailblazer in identity verification and risk mitigation, today announced it has been awarded the General Services Administration (GSA) MAS8F 47QSWA18D008F contract (https://www.carahsoft.com/idi) through its strategic alliance with Carahsoft Technology Corp., The Trusted Government IT Solutions Provider®. As of August 6, 2024, government agencies are now able to procure IDI's next-gen ...

BOCA RATON, Fla., Aug. 13, 2024 (GLOBE NEWSWIRE) -- Interactive Data, LLC ("IDI"), a red violet company (NASDAQ: RDVT), and trailblazer in identity verification and risk mitigation, today announced it has been awarded the General Services Administration (GSA) MAS8F 47QSWA18D008F contract (https://www.carahsoft.com/idi) through its strategic alliance with Carahsoft Technology Corp., The Trusted Government IT Solutions Provider®. As of August 6, 2024, government agencies are now able to procure IDI's next-gen ...

Company Overview - Red Violet is an industry-leading identity intelligence solutions provider, offering scalable analytics, proprietary technology, and actionable insights[8] - The company serves over 8,450 customers as of Q2 2024 TTM (Trailing Twelve Months)[9] - Red Violet estimates a total addressable market (TAM) exceeding $10 billion[9] Financial Performance - Red Violet achieved 30% revenue growth in Q2 2024 TTM[9] - The company's Q2 2024 TTM adjusted EBITDA reached $21 million[9] - The adjusted EBITDA margin for Q2 2024 TTM was 30%[9] - The gross revenue retention rate for Q2 2024 was 94%[9] - Red Violet's adjusted gross margin for Q2 2024 was 82%[21] Growth and Strategy - Red Violet's revenue has grown at a compound annual growth rate (CAGR) of 38% from 2017 to 2023[41] - The company's adjusted EBITDA has grown at a CAGR of 71% from 2019 to 2023[43] - Red Violet's platform, CORE, unifies disparate data to provide actionable identity intelligence for various use cases, including fraud prevention and identity verification[18]

Group 1: Earnings Performance - Red Violet, Inc. reported quarterly earnings of $0.28 per share, exceeding the Zacks Consensus Estimate of $0.19 per share, and up from $0.10 per share a year ago, representing an earnings surprise of 47.37% [1] - The company posted revenues of $19.06 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 8.71%, compared to $14.68 million in the same quarter last year [2] - Over the last four quarters, Red Violet has surpassed consensus EPS estimates two times and topped consensus revenue estimates two times [2] Group 2: Stock Performance and Outlook - Red Violet shares have increased approximately 13.9% since the beginning of the year, outperforming the S&P 500's gain of 9.9% [3] - The company's earnings outlook, including current consensus earnings expectations for upcoming quarters, will be crucial for investors [4] - The current consensus EPS estimate for the coming quarter is $0.22 on revenues of $18.22 million, and $0.70 on revenues of $70.4 million for the current fiscal year [7] Group 3: Industry Context - The Internet - Software and Services industry, to which Red Violet belongs, is currently ranked in the top 36% of over 250 Zacks industries, indicating a favorable outlook [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact stock performance [5] - The Zacks Rank for Red Violet is currently 3 (Hold), suggesting that the shares are expected to perform in line with the market in the near future [6]

BOCA RATON, Fla., July 30, 2024 (GLOBE NEWSWIRE) -- Red Violet, Inc. (NASDAQ:RDVT), a leading analytics and information solutions provider, announced today that it will report its financial results for the second quarter ended June 30, 2024 after the close of the U.S. financial markets on Wednesday, August 7, 2024. The Company will host its earnings call on Wednesday, August 7, 2024 at 4:30pm ET to discuss its quarterly results and provide a business update. The participant registration and webcast informat ...

Another factor that confirms the company's fundamental strength is its Average Broker Recommendation of #1 (Strong Buy). This indicates that the brokerage community is highly optimistic about the stock's near-term price performance. So, the price trend in RDVT may not reverse anytime soon. In addition to RDVT, there are several other stocks that currently pass through our "Recent Price Strength" screen. You may consider investing in them and start looking for the newest stocks that fit these criteria. Our " ...

Core Viewpoint - Red Violet, Inc. (RDVT) is showing potential for bullish movement due to a recent "golden cross" in its moving averages, indicating a possible breakout [1][2] Technical Analysis - RDVT's 50-day simple moving average has crossed above its 200-day simple moving average, forming a "golden cross" [1] - This technical pattern is typically associated with bullish breakouts, as it suggests a positive trend reversal [1] - The stock has increased by 18.8% over the past four weeks, indicating upward momentum [1] Earnings Outlook - The earnings outlook for RDVT is positive, with no earnings estimates decreasing in the past two months and one revision higher [1] - The Zacks Consensus Estimate for earnings has also increased, further supporting the bullish case for RDVT [1]