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Verisk Analytics Cuts 2025 Revenue Forecast; Shares Drop
Summary generated with AI, editor-reviewed
Heartspace News Desk
•Source: Reuters
Photo by Charlie Hammond on Unsplash
TL;DR
Verisk Analytics' stock price dropped up to 15% after the company reported lower-than-expected third-quarter revenue of $768 million and decreased its 2025 revenue forecast to $3.05-$3.08 billion due to mild weather. The firm had originally anticipated $776 million for the third quarter and analysts expected $3.12 billion in 2025.
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Key takeaways
- Verisk Analytics lowered its 2025 revenue forecast and reported third-quarter revenue below Wall Street expectations, according to Reuters
- The announcement triggered a stock decline of up to 15%
- The data analytics firm attributed the underperformance to mild weather conditions, resulting in fewer severe weather events and reduced demand for its property claims estimating software
Verisk Analytics lowered its 2025 revenue forecast and reported third-quarter revenue below Wall Street expectations, according to Reuters. The announcement triggered a stock decline of up to 15%.
The data analytics firm attributed the underperformance to mild weather conditions, resulting in fewer severe weather events and reduced demand for its property claims estimating software.
Third-quarter revenue reached $768 million, falling short of the estimated $776 million. Verisk now anticipates 2025 revenue between $3.05 billion and $3.08 billion, below the consensus analyst estimate of $3.12 billion.
Related Topics
Verisk Analyticsrevenue forecastfinancial performancedata analyticsstock market
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