Stock Monitor: Conduent Post Earnings Reporting

LONDON, UK / ACCESSWIRE / December 06, 2017 / Active-Investors free earnings report on Verisk Analytics, Inc. (NASDAQ: VRSK) has freshly been issued to its members, and you can also sign up to view this report at www.active-investors.com/registration-sg/?symbol=VRSK. The Company posted its financial results on October 30, 2017, for the third quarter fiscal 2017. The Company's revenue and adjusted EPS surpassed analysts' expectations. Register today and get free access to our complimentary member's area where many more reports are available:

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Active-Investors.com is currently working on the research report for Conduent Incorporated (NYSE: CNDT), which also belongs to the Services sector as the Company Verisk Analytics. Do not miss out and become a member today for free to access this upcoming report at:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Verisk Analytics most recent news is on our radar and we have decided to include it on our blog post. Today's free coverage is available at:

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Earnings Highlights and Summary

For three months ended September 30, 2017, Verisk's revenues increased 10.2%, or 7% on a constant currency basis, to $549.1 million from $498.1 million in Q3 FY16. The Company's revenue surpassed analysts' expectations of $528 million.

During Q3 FY17, Verisk's gross profit increased 6.8% to $350.6 million from $328.4 million in the same period last year. For the reported quarter, the Company's gross margin decreased 210 basis points to 63.8% of revenue from 65.9% of revenue in Q3 FY16.

For the reported quarter, the Company's adjusted EBITDA increased 7.5% to $272.3 million from $253.3 million in Q3 FY16. For the reported quarter, the Company's adjusted EBITDA margin decreased 130 basis points to 49.6% of revenue from 50.9% of revenue in Q3 FY16.

During Q3 FY17, Verisk's operating income increased 5% to $208.4 million from $198.4 million in the same period last year. During Q3 FY17, the Company's operating margin decreased 180 basis points to 38% of revenue from 39.8% of revenue in the same period last year.

For the reported quarter, Verisk's net income decreased 5.4% to $120.7 million from $127.6 million in Q3 FY16. During Q3 FY17, the Company's diluted EPS decreased 2.7% to $0.72 from $0.74 in the same period last year. For the reported quarter, Verisk's adjusted net income decreased 2.3% to $141.1 million from $144.4 million in Q3 FY16. For the reported quarter, the Company's adjusted diluted EPS was $0.84, on par with $0.84 in the same period last year. Adjusted diluted EPS surpassed analysts' expectations of $0.78.

Verisk's Segment Details

Decision Analytics - During Q3 FY17, the Decision Analytics segment's revenue increased 12.2%, or 8.2% on a constant currency basis, to $355.9 million from $317.3 million in the same period last year. For the reported quarter, the segment's insurance revenue increased 16.9% on a y-o-y basis, or 13.7% on a constant currency basis, to $203.9 million. For the reported quarter, the segment's energy and specialized markets revenue increased 2.1% on a y-o-y basis, or 0.2% on constant currency basis, to $111.4 million.

During Q3 FY17, the segment's financial services revenue increased 20.2% to $40.6 million on a y-o-y basis. For the reported quarter, the segment's gross profit increased 7.3% to $214.2 million from $199.7 million in Q3 FY16. The segment's adjusted EBITDA increased 6.3% to $156.3 million in Q3 FY17 from $147.0 million in the third quarter of 2016.

Risk Assessment - During Q3 FY17, Risk Assessment segment's revenue increased 6.9% to $193.2 million from $180.8 million in the same period last year. For the reported quarter, the segment's gross profit increased 6% to $136.4 million from $128.7 million in Q3 FY16. For the reported quarter, the segment's adjusted EBITDA increased 9.1% to $116.0 million from $106.3 million in the third quarter of 2016. The increase was due to revenue growth and good expense management.

Balance Sheet

As on September 30, 2017, Verisk's cash and cash equivalents increased 5.1% to $142.0 million from $135.1 million on December 31, 2016. For the reported quarter, the Company's long-term debt was $2.28 billion almost on par with $2.28 billion in Q4 FY16.

For the reported quarter, the Company's net accounts receivables increased 8.3% to $285.8 million from $263.9 million in the fourth quarter of 2016. For the reported quarter, the Company's accounts payables and accrued liabilities increased 14.2% to $210.2 million from $184.0 million in Q4 FY16.

In the first nine months of 2017, the Company's cash provided by operating activities increased 22.2% to $592.1 million from $484.4 million in the same period last year. In the first nine months of 2017, the Company's free cash flow increased 27.5% to $478.3 million from $375.0 million in the same period last year.

The Company acquired G2 Web Services, Sequel, and LCI for a total of $583 million in Q3 FY17.

During Q3 FY17, Verisk repurchased 0.1 million shares at an average price of $81.85.

Stock Performance Snapshot

December 05, 2017 - At Tuesday's closing bell, Verisk Analytics' stock slightly fell 0.07%, ending the trading session at $95.94.

Volume traded for the day: 838.35 thousand shares, which was above the 3-month average volume of 790.53 thousand shares.

Stock performance in the last month ? up 5.39%; previous three-month period ? up 18.36%; past twelve-month period ? up 15.72%; and year-to-date ? up 18.20%

After yesterday's close, Verisk Analytics' market cap was at $15.56 billion.

Price to Earnings (P/E) ratio was at 35.43.

The stock is part of the Services sector, categorized under the Business Services industry.

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