Red Violet, Inc. (RDVT) came out with quarterly earnings of $0.33 per share, beating the Zacks Consensus Estimate of $0.23 per share. This compares to earnings of $0.22 per share a year ago.
If you are looking for stocks that are well positioned to maintain their recent uptrend, Red Violet (RDVT) could be a great choice. It is one of the several stocks that passed through our "Recent Price Strength" screen.
Red Violet, Inc. (NASDAQ:RDVT ) Q4 2024 Earnings Conference Call February 27, 2025 4:30 PM ET Company Participants Camilo Ramirez - Senior Vice President of Finance & Investor Relations Derek Dubner - Chairman & Chief Executive Officer Dan MacLachlan - Chief Financial Officer Conference Call Participants Josh Nichols - B. Riley Shawn Boyd - Next Mark Capital Operator Good day, ladies and gentlemen, and welcome to Red Violet's Fourth Quarter and Full Year 2024 Earnings Conference Call.
Red Violet (RDVT) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.
Red Violet (RDVT) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.
Red Violet shares have doubled since my initial recommendation following solid progress in the underlying business. Revenue was up 20% in Q3, with adjusted EBITDA margins rising to 35%, demonstrating strong operating leverage in the business. I expect revenue growth of at least 15% for next year with continued margin expansion.
Red Violet (RDVT) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.
Red Violet (RDVT) could be a solid choice for shorter-term investors looking to capitalize on the recent price trend in fundamentally sound stocks. It is one of the many stocks that passed through our shorter-term trading strategy-based screen.
Red Violet, Inc. (RDVT) Q3 2024 Earnings Call Transcript
Red Violet, Inc. (RDVT) came out with quarterly earnings of $0.22 per share, missing the Zacks Consensus Estimate of $0.23 per share. This compares to earnings of $0.87 per share a year ago.
Red Violet (RDVT) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
Adjusted for one-time impacts, revenue growth accelerated year over year to 23% in Q2. The corresponding EBITDA margin achieved was 32% as the company leverages its largely fixed cost base. I raise my price target to $34 and believe that the company's move further upmarket will unlock even greater opportunities.