Verra Mobility(VRRM)

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Verra Mobility(VRRM) - 2025 Q1 - Quarterly Results
2025-05-07 20:11
Exhibit 99.1 Verra Mobility Announces First Quarter 2025 Financial Results MESA, Ariz., May 7, 2025 /PRNewswire/ – Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announced today the financial results for the first quarter ended March 31, 2025. "We delivered a strong first quarter with all key financial measures ahead of our internal expectations," said David Roberts, President and CEO, Verra Mobility. "We are maintaining our Full-Year 2025 financial gui ...
Verra Mobility Announces First Quarter 2025 Financial Results
Prnewswire· 2025-05-07 20:05
Total revenue of $223.3 million Net income of $32.3 million Net cash provided from operations of $63.0 million Reaffirming 2025 full year guidanceMESA, Ariz., May 7, 2025 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announced today the financial results for the first quarter ended March 31, 2025."We delivered a strong first quarter with all key financial measures ahead of our internal expectations," said David Roberts, President and C ...
Why Verra Mobility (VRRM) Could Beat Earnings Estimates Again
ZACKS· 2025-04-25 17:15
Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering VERRA MOBILITY CORP (VRRM) , which belongs to the Zacks Internet - Software industry.When looking at the last two reports, this company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 6.61%, on average, in the last two quarters.For the last reported quarter, Verra Mobility came out with earnings of $0.33 per ...
A Verra Mobility Study Reveals 85% of Americans believe distracted driving is just as dangerous as drinking and driving
Prnewswire· 2025-04-03 13:00
Timed with Distracted Driving Awareness Month, the survey found two-thirds of Americans self-reported that they have not driven distracted in the past year, yet 89% witness speeding and reckless driving behavior weekly More than 75% of Americans support automated technology to keep school children safer MESA, Ariz., April 3, 2025 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, released results from a survey of 2,000 Americans aged 18+ wh ...
Verra Mobility (VRRM) Stock Jumps 11.5%: Will It Continue to Soar?
ZACKS· 2025-04-01 16:10
Verra Mobility is benefiting from strong travel demand, growth in electronic tolling infrastructure, and expanding automated photo enforcement programs, particularly in government solutions and commercial services. VERRA MOBILITY CORP (VRRM) shares rallied 11.5% in the last trading session to close at $22.51. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 11.8% loss over the past four weeks. The stock curren ...
Down -19.85% in 4 Weeks, Here's Why Verra Mobility (VRRM) Looks Ripe for a Turnaround
ZACKS· 2025-03-28 14:36
VERRA MOBILITY CORP (VRRM) has been on a downward spiral lately with significant selling pressure. After declining 19.9% over the past four weeks, the stock looks well positioned for a trend reversal as it is now in oversold territory and there is strong agreement among Wall Street analysts that the company will report better earnings than they predicted earlier.Guide to Identifying Oversold StocksWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether ...
Verra Mobility partners with Verizon Connect to bring managed services to commercial fleets
Prnewswire· 2025-03-18 20:15
Verizon Connect customers will receive access to Verra Mobility's managed tolling, violations and title and registration servicesMESA, Ariz., March 18, 2025 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announced today a partnership with Verizon Connect, one of the largest providers of advanced GPS fleet tracking solutions. Through the partnership, new and existing Verizon Connect customers will have easy and direct access to Verra Mobi ...
VRRM or ADYEY: Which Is the Better Value Stock Right Now?
ZACKS· 2025-03-06 17:45
Investors interested in Internet - Software stocks are likely familiar with VERRA MOBILITY CORP (VRRM) and Adyen N.V. Unsponsored ADR (ADYEY) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The Zacks Rank is a proven strategy that targets companies with positive earnings estimate revision tre ...
All You Need to Know About Verra Mobility (VRRM) Rating Upgrade to Buy
ZACKS· 2025-02-28 18:05
Core Viewpoint - Verra Mobility Corp (VRRM) has been upgraded to a Zacks Rank 2 (Buy), indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Movement - The Zacks rating system reflects changes in earnings estimates, which are strongly correlated with stock price movements, particularly due to institutional investors adjusting their valuations based on these estimates [4][6]. - An increase in earnings estimates typically leads to higher fair value for a stock, prompting institutional investors to buy or sell, thus affecting stock prices [4]. Company Performance Indicators - Verra Mobility is projected to earn $1.29 per share for the fiscal year ending December 2025, representing a year-over-year increase of 4.9% [8]. - Over the past three months, the Zacks Consensus Estimate for Verra Mobility has risen by 0.3%, indicating a positive trend in earnings expectations [8]. Zacks Rating System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with only the top 20% receiving a 'Strong Buy' or 'Buy' rating, suggesting superior earnings estimate revisions [9][10]. - The upgrade of Verra Mobility to a Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, indicating potential for market-beating returns in the near term [10].
Verra Mobility(VRRM) - 2024 Q4 - Earnings Call Transcript
2025-02-28 05:07
Financial Data and Key Metrics Changes - Consolidated revenue growth of 5% in Q4 2024, adjusted EBITDA increased by 12%, and adjusted EPS rose by 38% compared to the prior year [8][30] - Free cash flow for Q4 was $22 million, slightly above expectations, with a net leverage of 2.4x at year-end [8][46] - Reported a net loss of $67 million for Q4, primarily due to a $97 million goodwill impairment charge [33][34] Business Line Data and Key Metrics Changes - Commercial Services revenue and segment profit increased by approximately 4% year-over-year, impacted by a $3 million prior period adjustment related to tolling activity [9][31] - Government Solutions service revenue grew by 5% year-over-year, with total revenue up by 10%, driven by a $5 million increase in product sales [10][41] - T2 Parking Solutions revenue declined by about 13% for the quarter, with segment profit down to $3 million [11][43] Market Data and Key Metrics Changes - TSA passenger volume increased by about 5% in 2024, indicating strong leisure and business travel demand [12] - Cashless toll penetration increased from 67% to about 70% in 2024, reflecting ongoing strength in electronic tolling infrastructure [14] - New legislation in 2024 is expected to create a total addressable market of approximately $185 million, with potential expansion to over $300 million [15][16] Company Strategy and Development Direction - The company aims to stabilize the Parking Solutions business and anticipates flat revenue in 2025, with a focus on returning to growth in 2026 [23][24] - Continued investment in capital allocation, with $200 million deployed for share repurchases in 2024 [24][25] - The company expects to deliver revenue growth consistent with a long-term outlook of 6% to 8%, albeit at the low end of that range in 2025 [26][50] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in resilient travel demand and ongoing strength in Commercial Services [27][60] - Anticipated revenue growth in Government Solutions driven by strong sales bookings and a high contract renewal rate [18][28] - The company remains optimistic about achieving 2026 revenue and adjusted EBITDA targets set during the 2022 Investor Day [60] Other Important Information - The company recorded a non-cash impairment of goodwill related to the T2 business to align carrying value with the current environment [21][44] - The company has maintained significant liquidity with an undrawn credit revolver and successfully refinanced term loan debt, lowering borrowing costs [46][49] Q&A Session Summary Question: Follow-up on Commercial Services business and travel trends - Management expects TSA volume to average 102.5% for 2025, with a sequential ramp-up in travel volume anticipated [65][66] Question: Update on Government Services business and contract win rates - Management indicated they are winning more than their fair share of contracts and expect revenue to build over the next 12 to 18 months [71][72] Question: Timing for clarity on NYC RFP outcome - Management stated that clarity on the NYC RFP is expected in Q2, dependent on the city's decision-making [81] Question: Margin expansion opportunities looking into 2026 - Management noted that margins may remain under pressure due to investments in new geographies and ERP systems, but expect to maintain a 30% margin business in the long term [87] Question: Potential for M&A opportunities - Management is actively evaluating M&A opportunities across connected vehicle and urban mobility sectors, maintaining price discipline [90] Question: Speed camera pipeline and bookings outlook - Management confirmed that the pipeline remains strong, but bookings for 2025 are uncertain and will depend on the ability to convert opportunities into revenue [94] Question: Technology investments for customer needs - Management highlighted ongoing product engineering efforts to enhance customer support and technology deployment [97] Question: Confidence in the Parking Solutions business turnaround - Management expressed confidence in the growth potential of the Parking Solutions market, despite recent execution challenges [113] Question: Share repurchase strategy in 2025 - Management confirmed that share repurchases will continue to be opportunistic based on cash flow generation and M&A pipeline [116] Question: Trends in international markets and cashless adoption - Management noted positive trends in cashless tolling adoption in Europe, with several new toll roads transitioning to cashless systems [120]