Verra Mobility Corporation (NASDAQ:VRRM) is reporting third quarter financial results on Thursday 5th November 2020, after market close.
According to analysts surveyed by Thomson Reuters, VRRM is expected to report 3Q20 loss of $ 0.02 per share from revenue of $ 93.54 million.
For the full year, analysts anticipate top line of $ 384.30 million, while looking forward to loss of $ 0.08 per share bottom line.
Previous Quarter Performance
Verra Mobility Corporation reported loss for the second quarter of $ 0.10 per share, from the revenue of $ 62.81 million. Wall street analysts are predicting, VRRM to report 2Q20 loss of $ 0.10 per share from revenue of $ 74.88 million. The top line results fell short of analysts by $ 12.07 million or 16.12 percent.
Stock Performance
Shares of Verra Mobility Corporation traded up $ 0.09 or 0.89 percent on Wednesday, reaching $ 10.15 with volume of 435.90 thousand shares. Verra Mobility Corporation has traded high as $ 10.27 and has cracked $ 9.89 on the downward trend
The closing price of $ 10.15, representing a 78.69 % increase from the 52 week low of $ 5.63 and a 41.51 % decrease over the 52 week high of $ 17.20.
The company has a market capital of $ 1.64 billion and is part of the Industrials sector and Security & Protection Services industry.
Conference Call
Verra Mobility Corporation will be hosting a conference call at 5:00 PM eastern time on 5th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.verramobility.com
Verra Mobility Corporation provides smart mobility technology solutions and services in the United States, Canada, and Europe. It operates through two segments, Government Solutions and Commercial Services. The Government Solutions segment offers automated safety solutions, including services and technologies that enable photo enforcement through road safety camera programs related to red light, speed, school bus, and city bus lanes.
