Verisk Analytics Inc
VRSK: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$448.00 | Syqf | Cvgxccwnq |
Verisk Earnings: Healthy Demand Across Most Solutions As P&C Industry Profitability Improves
We keep our $225 per share fair value estimate for wide-moat Verisk Analytics following a strong start to fiscal 2024, which met our top-line expectations but fell marginally short of our profitability forecasts. Verisk shares rallied after results as earnings surpassed consensus estimates, boosted by a relatively lower tax burden and lower average share count after an accelerated share repurchase program. Nevertheless, Verisk continues to screen as fairly valued relative to our unchanged valuation.