Verra Mobility reports Q4 adjusted EPS 25c, consensus 22c

Reports Q4 revenue $186.1M, consensus $184.41M. "We had a great finish to the year, exceeding the high end of our guidance and surpassing all other measures we were tracking," said David Roberts, CEO. "Our strategy is aligned with the key macro trends across our portfolio. Travel demand by both consumers and businesses remains strong and cashless tolling continues to become more prevalent across the U.S. to help increase traffic efficiencies and reduce congestion. Furthermore, nationwide efforts to improve road safety are driving the need for investments in automated safety enforcement technology. We have tremendous momentum to start the year – our business fundamentals are strong, and we have a proven operating model to create significant value."