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Verra Mobility Corporation (VRRM)
NASDAQ:VRRM
Earnings Data
Report Date
Feb 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.3Last Year’s EPS
0.24Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 27, 2025
|% Change Since: -11.79%
|Next Earnings Date:May 19, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted solid revenue and earnings growth, strong contract renewals, and expansion in the automated photo enforcement market, but also faced challenges with declining parking solutions revenue and volatility in travel demand affecting the Commercial Services segment. The overall sentiment is balanced with strong performance in some areas offset by notable challenges.Company Guidance
During the call, Verra Mobility provided guidance for 2025, outlining expectations for revenue growth and financial performance. The company anticipates total revenue to be between $925 million to $935 million, reflecting approximately 6% growth over 2024. Adjusted EBITDA is expected to range from $410 million to $420 million, indicating around 3% growth, with an adjusted EBITDA margin of about 45%, down by roughly 100 basis points compared to last year due to investments and portfolio mix. The non-GAAP adjusted EPS is projected to fall between $1.30 and $1.35 per share, while free cash flow is estimated to be between $175 million to $185 million, translating to a conversion rate in the low to mid-40s percentile of adjusted EBITDA. Capital expenditures are anticipated to reach approximately $90 million, an increase from 2024, primarily for implementing new photo enforcement programs. The company aims to reduce net leverage to about 2x by year-end 2025.Consolidated Revenue and Earnings Growth
Verra Mobility reported consolidated revenue growth of 5%, adjusted EBITDA increased by 12%, and adjusted EPS increased by 38% over the prior year period.
Government Solutions Segment Profit Surge
Government Solutions segment profit increased by 44% over the previous year, driven by a reduction in credit loss expense and a prior year's non-cash charge.
Strong Contract Renewals and Bookings
The company achieved a 97% contract renewal rate and won contract awards representing about $11 million of incremental annual recurring revenue in Q4, with a total of $56 million in ARR for the year.
Expansion in Automated Photo Enforcement
In 2024, 30 bills were enacted at state and local levels to authorize automated photo enforcement, contributing to a $185 million increase in total addressable market.
Strong Cash Flow and Capital Allocation
Verra Mobility generated $153 million of free cash flow for the year and deployed $200 million to repurchase over 7 million shares, reducing net leverage to 2.4x.
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VRRM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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VRRM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 27, 2025 | $25.95 | $22.89 | -11.79% |
| Oct 31, 2024 | $25.97 | $23.12 | -10.97% |
| Aug 08, 2024 | $27.66 | $27.48 | -0.65% |
| May 02, 2024 | $24.09 | $25.93 | +7.64% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Verra Mobility Corporation (VRRM) report earnings?
Verra Mobility Corporation (VRRM) is schdueled to report earning on Feb 27, 2025, TBA Not Confirmed.
What is Verra Mobility Corporation (VRRM) earnings time?
Verra Mobility Corporation (VRRM) earnings time is at Feb 27, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is VRRM EPS forecast?
VRRM EPS forecast for the fiscal quarter 2024 (Q4) is 0.3.
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