Red Violet Inc reports results for the quarter ended September 30 - Earnings Summary

What happened

Red Violet reported adjusted earnings of 47 cents per share for the quarter ended September 30, up from 39 cents a year earlier and above analysts’ 41-cent average expectation. Revenue rose 20.2% to $27.75 million, also exceeding forecasts. Reported earnings were 35 cents per share, and net income was $5.45 million.

Confirmed

Global impact / market context

Earnings and revenue beating estimates can strengthen the case for investors expecting Red Violet to grow, while the gap between adjusted and reported earnings shows that the measure used changes the picture. Revenue growth may support future cash generation, but the report gives no outlook or explanation of costs.

Analyst inference

Analyst earnings estimates had risen about 8% over three months, but none changed in the past 30 days. Analysts’ average rating was buy, and the median 12-month price target was $87.50, about 9.1% above the last close; these are expectations, not guarantees.

Confirmed

What to watch

1. Watch upcoming quarterly revenue and earnings against analyst expectations to see whether the reported growth continues and whether adjusted earnings remain above reported earnings. Analyst inference
2. Check whether analysts revise earnings estimates after this report; estimates had risen about 8% in three months, with no revisions in the latest 30 days. Analyst inference
3. Compare the share price with analysts’ $87.50 median 12-month target and $79.58 last closing price, while treating the target as an estimate, not a promise. Confirmed

Evidence

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