Verra Mobility Corporation - Class A Common Stock (VRRM)
26.39
-0.34 (-1.27%)
Verra Mobility Corp is a leading provider of smart transportation solutions that enhance mobility and improve public safety
The company specializes in offering technology-driven services related to vehicle registration, tolling, and automated traffic enforcement to governmental agencies and municipalities. By leveraging advanced technologies and data analytics, Verra Mobility helps streamline operations, reduce congestion, and promote compliance with traffic regulations. Their comprehensive suite of solutions is designed to facilitate seamless transportation experiences while promoting safer roadways for all users.
As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the electrical systems industry, including Powell (NASDAQPOWL) and its peers.
Over the past six months, Verra Mobility’s stock price fell to $23.74. Shareholders have lost 13.3% of their capital, which is disappointing considering the S&P 500 has climbed by 9.7%. This was partly driven by its softer quarterly results and might have investors contemplating their next move.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Verra Mobility (NASDAQVRRM) and the rest of the electrical systems stocks fared in Q3.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Acuity Brands (NYSEAYI) and the rest of the electrical systems stocks fared in Q3.
Traffic solutions company Verra Mobility (NYSEVRRM) met Wall Street’s revenue expectations in Q3 CY2024, with sales up 7.4% year on year to $225.6 million. On the other hand, the company’s full-year revenue guidance of $872.5 million at the midpoint came in slightly below analysts’ estimates. Its non-GAAP profit of $0.32 per share was 1.4% above analysts’ consensus estimates.
Investors are always on the lookout for companies offering innovative solutions. The reward for investing in such stocks can often be lucrative, with Synaptics and Verra Mobility being two options to consider after impressive quarterly results.
Gainers Axcella Health Inc. (NASDAQAXLA) shares climbed 196% to $0.3335 after the company announced it was granted a patent for long COVID fatigue treatment.
As of the close of business on Tuesday, 4/4, we captured the Top 10 Highest Short Interest % stocks within the Industrials sector. The average short interest for stocks within the Industrials sector stands at 2.37%. Therefore, the below stocks are showing a more pessimistic outlook than their peers within the respective sector.
