VERISK ANALYTICS Reports Second Quarter Earnings for FY2023 on August 2, 2023
August 5, 2023
🌥️Earnings Overview
On August 2, 2023, VERISK ANALYTICS ($NASDAQ:VRSK) reported financial results for the second quarter of FY2023 (ending June 30, 2023). Total revenue was USD 675.0 million, a decrease of 9.6% compared to the same period last year. Net income dropped slightly by 0.4% year over year to USD 196.9 million.
Price History
Earlier in the day, its stock opened at $226.4 and closed at $232.4, up 1.4% from its prior closing price of $229.2. This marked a positive trend in the company’s stock performance and was welcomed by investors as they continued to watch the company’s growth and success. The company’s focus on data-driven decisions has made it a leader in the field of analytics. As the world continues to evolve and become increasingly reliant on technology, VERISK ANALYTICS is well positioned to capitalize on this transition. The company reported a strong second quarter with earnings that beat analysts’ expectations.
This strong performance reflects the company’s dedication to providing quality analytics and technology solutions to its customers. The release of these results continues to show investors that VERISK ANALYTICS is a dependable company that will continue to benefit its shareholders in the years to come. As the company expands into new markets and continues to invest in research and development, it is likely that the stock will remain a reliable and attractive option for investors. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Verisk Analytics. More…
| Total Revenues | Net Income | Net Margin |
| 2.57k | 503.7 | 19.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Verisk Analytics. More…
| Operations | Investing | Financing |
| 1.09k | 2.71k | -3.97k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Verisk Analytics. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.32k | 4.01k | 2.03 |
Key Ratios Snapshot
Some of the financial key ratios for Verisk Analytics are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -1.6% | -0.3% | 43.9% |
| FCF Margin | ROE | ROA |
| 32.0% | 388.5% | 16.3% |
Analysis
GoodWhale conducted an analysis of VERISK ANALYTICS‘s fundamentals and found that the company has a high health score of 9/10. This indicates that VERISK ANALYTICS is capable of sustaining future operations in times of crisis, as its cashflows and debt are stable. With such a high health score, VERISK ANALYTICS is classified as a ‘cow’, which is a company that has the track record of paying out consistent and sustainable dividends. Investors who are interested in consistent dividend returns may be drawn to VERISK ANALYTICS, as it has strong performance in dividend payouts. In addition, VERISK ANALYTICS is also strong in profitability, making it an attractive option for dividend investors. However, its weak performance in asset growth may be a turnoff for growth-oriented investors. More…
Peers
The competition between Verisk Analytics Inc and its competitors is fierce. IHS Markit Ltd, Trinet Group Inc, and Insperity Inc are all fighting for market share in the competitive data analytics industry. Verisk Analytics Inc has a strong product offering and a solid reputation, but its competitors are not far behind. IHS Markit Ltd has a strong product offering as well, and Trinet Group Inc has a good reputation. Insperity Inc is a newer player in the industry, but it has a lot of potential.
– IHS Markit Ltd ($NYSE:TNET)
Trinet Group Inc is a professional employer organization that provides human resources solutions to small and medium-sized businesses. The company has a market cap of $4.04 billion and a return on equity of 41.85%. Trinet Group Inc offers a range of services including payroll, benefits, workers’ compensation, and compliance. The company serves businesses in a variety of industries including healthcare, technology, manufacturing, and retail.
– Trinet Group Inc ($NYSE:NSP)
Inspriety Inc is a human resources and business solutions provider based in the United States. The company has a market capitalization of 4.59 billion as of 2022 and a return on equity of 366.51%. Inspriety provides a range of services including payroll, benefits, and compliance solutions to businesses of all sizes. The company has a strong focus on small and medium-sized businesses, and has a client base of over 100,000 businesses.
Summary
VERISK ANALYTICS reported their second quarter financial results for FY2023, ending on June 30, 2023. Revenue totaled USD 675.0 million, a decrease of 9.6% year over year. Net income was USD 196.9 million, a 0.4% decrease from the prior year.
From an investment standpoint, VERISK ANALYTICS has had a tough period due to reduced revenue and a slight decline in net income. Investors should take this as a sign to be cautious with the stock, as the company may not be able to maintain its previous earnings growth going forward.
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