Why Verra Mobility (VRRM) Could Beat Earnings Estimates Again

Core Insights - Verra Mobility Corp (VRRM) is positioned to potentially continue its earnings-beat streak in the upcoming report, having surpassed earnings estimates in the last two quarters by an average of 6.61% [1][5]. Earnings Performance - For the last reported quarter, Verra Mobility achieved earnings of $0.33 per share, exceeding the Zacks Consensus Estimate of $0.30 per share, resulting in a surprise of 10% [2]. - In the previous quarter, the company was expected to report earnings of $0.31 per share but delivered $0.32 per share, yielding a surprise of 3.23% [2]. Earnings Estimates and Predictions - Recent estimates for Verra Mobility have been trending upward, with a positive Earnings ESP (Expected Surprise Prediction) indicating a strong likelihood of an earnings beat [5][8]. - The current Earnings ESP for Verra Mobility stands at +3.45%, reflecting increased analyst optimism regarding its near-term earnings potential [8]. Zacks Rank and Success Rate - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) suggests a high probability of another earnings beat, with historical data indicating that stocks with this combination beat consensus estimates nearly 70% of the time [6][8].