Verra Mobility Posts 36c Adjusted EPS for Third Quarter
VRRM sits 27% above its 52-week low of $2.62.
Summary
Verra Mobility reported third-quarter adjusted EPS of 36 cents, per Dow Jones Newswires, on revenue of $258.9M and net income of $40.4M. That compares with 38 cents in Q2, when revenue of $263.6M beat the $254.9M consensus. The company terminated the ABG deal effective Jan 30, 2027, and named Matthew Kvarda interim chief financial officer effective Nov. 5, as CFO Craig Conti resigns effective November 4 and Jon Newhard takes over as CEO November 1. It backed its 2026 view of revenue of $945M-$965M, adjusted EPS of $1.11-$1.17, adjusted EBITDA of $360M-$370M and free cash flow of $105M-$115M. The print lands during a rough stretch: Q2 carried a $48.2M loss after a $104M impairment charge, a second major customer renegotiated on worse terms, and a securities lawsuit.
At the time of this announcement, VRRM was trading at $3.34 on NASDAQ in the Technology sector, with a market capitalization of approximately $507.6M. The 52-week trading range was $2.62 to $25.45. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.