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Verisk Analytics (VRSK) Q2 Earnings Beat Estimates
ZACKS· 2024-07-31 13:26
Verisk Analytics (VRSK) came out with quarterly earnings of $1.74 per share, beating the Zacks Consensus Estimate of $1.63 per share. This compares to earnings of $1.51 per share a year ago. These figures are adjusted for non-recurring items. Over the last four quarters, the company has surpassed consensus EPS estimates three times. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary ...
Verisk(VRSK) - 2024 Q2 - Quarterly Report
2024-07-31 11:19
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-34480 VERISK ANALYTICS, INC. (Exact name of registrant as specified in its charter) Delaware 26-2994223 (State or other j ...
Verisk(VRSK) - 2024 Q2 - Quarterly Results
2024-07-31 11:16
3 About Verisk Contact: This release contains forward-looking statements, including those related to our financial guidance. These statements relate to future events or to future financial performance and involve known and unknown risks, uncertainties, and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements ...
Verisk Reports Second-Quarter 2024 Financial Results
GlobeNewswire News Room· 2024-07-31 11:15
Consolidated revenues were $717 million, up 6.2%, and up 6.0% on an organic constant currency (OCC) basis for the second quarter of 2024. Income from continuing operations was $308 million, up 50.7% for the second quarter of 2024. Adjusted EBITDA, a non-GAAP measure, was $397 million, up 8.8%, and up 8.5% on an OCC basis. Diluted GAAP earnings per share from continuing operations (diluted EPS) were $2.15 for the second quarter of 2024, up 52.5%. Diluted adjusted earnings per share (diluted adjusted EPS), a ...
Verisk (VRSK) to Report Q2 Earnings: What's in the Offing?
ZACKS· 2024-07-26 18:12
Verisk Analytics (VRSK) is scheduled to release its second-quarter fiscal 2024 results on Jul 31, before market open. VRSK surpassed the Zacks Consensus Estimate in three of the four trailing quarters and missed in one, delivering an earnings surprise of 4.5%, on average. Q2 Expectations The Zacks Consensus Estimate for revenues is pegged at $722.5 million, indicating a 7% increase from the year-ago quarter's actual. Solid growth in underwriting and modest improvement in claims are anticipated to have benef ...
Verisk Maplecroft launches investor solution mapping global risk exposure of public companies across 4M+ corporate assets
Newsfilter· 2024-07-25 06:02
Core Insights - Verisk Maplecroft's AREA solution provides a comprehensive view of corporate exposure to global climate, environmental, human rights, and political risks by mapping over 4 million corporate assets to 85 individual risk issues at subnational levels [3][8] - The solution is designed to reveal hidden vulnerabilities and strengths in the global operations of publicly listed firms, offering investors a new perspective on companies' risk and sustainability profiles [3] - AREA's data is applicable to all equity investing, including sustainable and impact finance, enabling portfolio managers and analysts to assess systematic political risks more rigorously and optimize investment decisions [4] Data and Methodology - AREA combines geospatial risk data with corporate asset locations, covering 85 risk issues selected as critical to investors, with plans to expand to include more of Verisk Maplecroft's 190+ risk indices [2][3] - 50 of the risk issues in AREA are weighted by sector using Verisk Maplecroft's Industry Risk Dataset, providing a granular, sector-by-sector view of risk [2] - The data is available through an API, offering transparency and accessibility for investors [2] Risk Coverage - AREA covers 18 political risks, including civil unrest, conflict intensity, corruption, and democratic governance [10] - It addresses 30 human rights issues across civil, political, and labor rights, as well as human security risks [10] - The solution includes 18 climate hazards and issues, encompassing different time horizons and emissions pathways, and 19 environmental risks such as natural hazards, pollution, biodiversity, and deforestation [10] Industry Impact - AREA builds on Verisk Maplecroft's 20-year expertise in geospatial country risk and sustainability data, following the success of its Sovereign ESG offering in 2022 [9] - The solution is particularly valuable for responsible investment practitioners, enabling them to better understand company exposure to key issues like climate, nature, and human rights at the asset level [4] - Verisk Maplecroft is recognized as a trusted, independent source of analytics and research for incorporating climate change, natural capital, human rights, and political risk into investment strategies [6][12] Company Background - Verisk Maplecroft, a Verisk business (Nasdaq: VRSK), specializes in global sustainability and political risk intelligence for institutional investors and multinational corporations [6] - The company combines a comprehensive portfolio of global risk data with expert analysis to enhance the sustainability and resilience of investments and operations [6] - Verisk is a leading strategic data analytics and technology partner to the global insurance industry, helping clients address global risks through advanced data analytics and scientific research [12]
Verisk Maplecroft launches investor solution mapping global risk exposure of public companies across 4M+ corporate assets
GlobeNewswire News Room· 2024-07-25 06:02
LONDON, July 25, 2024 (GLOBE NEWSWIRE) -- Risk intelligence company Verisk Maplecroft (Nasdaq: VRSK) has today launched a new data solution assessing location-specific risks to the assets of over 50,000 publicly traded companies. It provides investors with one of the most comprehensive views available of corporate exposure to global climate, environmental, human rights and political risks. Combining the locations of 4 million+ corporate assets with industry-leading geospatial risk data, Verisk Maplecroft's ...
Why Verisk Analytics (VRSK) is a Top Momentum Stock for the Long-Term
ZACKS· 2024-07-19 14:56
The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating ...
Verisk Estimates Industry Insured Losses in U.S. for Hurricane Beryl Will Range Between USD 2 Billion to USD 3 Billion
Newsfilter· 2024-07-19 10:10
Meteorological History of Beryl Impacts on the Built Environment Excess impacts due to power failures which may not be implicitly modeled Losses from storm surge Losses paid out by the National Flood Insurance Program Losses exacerbated by litigation, fraudulent assignment of benefits, or social inflation Storm surge leakage losses paid on wind only policies due to government intervention Losses from precipitation-induced flooding Losses to inland marine, ocean-going marine cargo and hull, and pleasure boat ...
Verisk Estimates Industry Insured Losses in U.S. for Hurricane Beryl Will Range Between USD 2 Billion to USD 3 Billion
GlobeNewswire News Room· 2024-07-19 10:10
Beryl formed on the evening of June 28, quickly becoming a hurricane on the 29 and strengthening into a major hurricane the following day. On July 1, Beryl passed through the Windward Islands as a Category 4 hurricane and would go on to become a Category 5 hurricane later that day, the earliest Category 5 hurricane on record in the Atlantic. On the morning of the 2, Beryl reached its peak intensity with 165 mph sustained winds before beginning to slowly weaken later in the day as the storm encountered incre ...