Verra Mobility Full Year 2024 Earnings: EPS Misses Expectations

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editorial-team@simplywallst.com (Simply Wall St)

Tue, Mar 4, 2025, 3:24 AM 1 min read

Verra Mobility (NASDAQ:VRRM) Full Year 2024 Results

Key Financial Results

Revenue: US$879.2m (up 7.6% from FY 2023).
Net income: US$31.4m (down 45% from FY 2023).
Profit margin: 3.6% (down from 7.0% in FY 2023).
EPS: US$0.19 (down from US$0.36 in FY 2023).

revenue-and-expenses-breakdown — NasdaqCM:VRRM Revenue and Expenses Breakdown March 4th 2025

All figures shown in the chart above are for the trailing 12 month (TTM) period

Verra Mobility EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 76%.

The primary driver behind last 12 months revenue was the Commercial Services segment contributing a total revenue of US$407.7m (46% of total revenue). The most substantial expense, totaling US$201.7m were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how VRRM's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Professional Services industry in the US.

Performance of the American Professional Services industry.

The company's shares are down 11% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 3 warning signs for Verra Mobility that you need to be mindful of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.