Verisk Analytics (VRSK) Misses Q1 EPS by 2c, Revenues Beat

Verisk Analytics (NASDAQ: VRSK) reported Q1 EPS of $1.23, $0.02 worse than the analyst estimate of $1.25. Revenue for the quarter came in at $726.1 million versus the consensus estimate of $725.62 million.

Scott Stephenson, chairman, president, and CEO, said, “I am very pleased with our start to 2021. Our first quarter results demonstrate solid financial performance and continued operating excellence despite the ongoing challenges from the pandemic. As we mark our 50th anniversary, our mission remains the same as it was at the start – to serve as a trusted partner to our customers by transforming data into insights and operational efficiencies and to solve their most complex problems. We have strong conviction in our long-term growth strategy and our plans to create durable shareholder value."

Lee Shavel, CFO and group president, said, “Verisk delivered organic constant currency revenue growth of 3.4% and organic constant currency adjusted EBITDA growth of 5.2% in the first quarter, led by continued strength in our insurance business. We generated solid free cash flow to invest in future growth opportunities while also returning capital to shareholders. We remain focused on maximizing value creation for all our stakeholders.”

For earnings history and earnings-related data on Verisk Analytics (VRSK) click here.

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