Veris Past Earnings Performance
Past criteria checks 2/6
Veris has been growing earnings at an average annual rate of 68.6%, while the Professional Services industry saw earnings growing at 4.3% annually. Revenues have been declining at an average rate of 2.7% per year. Veris's return on equity is 2.2%, and it has net margins of 0.7%.
Key information
68.6%
Earnings growth rate
70.5%
EPS growth rate
Professional Services Industry Growth | 8.7% |
Revenue growth rate | -2.7% |
Return on equity | 2.2% |
Net Margin | 0.7% |
Last Earnings Update | 31 Dec 2023 |
Recent past performance updates
Recent updates
Investors Aren't Entirely Convinced By Veris Limited's (ASX:VRS) Revenues
Mar 01The Return Trends At Veris (ASX:VRS) Look Promising
Jan 19Veris' (ASX:VRS) Solid Profits Have Weak Fundamentals
Mar 06Is Veris (ASX:VRS) Using Too Much Debt?
Jun 29Veris (ASX:VRS) Has Debt But No Earnings; Should You Worry?
May 14Should You Take Comfort From Insider Transactions At Veris Limited (ASX:VRS)?
Mar 05Is Veris (ASX:VRS) Using Debt In A Risky Way?
Dec 22Revenue & Expenses BreakdownBeta
How Veris makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
---|---|---|---|---|
31 Dec 23 | 97 | 1 | 4 | 0 |
30 Sep 23 | 99 | 1 | 4 | 0 |
30 Jun 23 | 101 | 1 | 4 | 0 |
31 Dec 22 | 102 | 3 | 4 | 0 |
30 Sep 22 | 97 | 2 | 4 | 0 |
30 Jun 22 | 92 | 1 | 4 | 0 |
31 Mar 22 | 87 | -2 | 5 | 0 |
31 Dec 21 | 81 | -4 | 6 | 0 |
30 Sep 21 | 79 | -3 | 5 | 0 |
30 Jun 21 | 77 | -2 | 4 | 0 |
31 Dec 20 | 83 | -10 | 4 | 0 |
30 Sep 20 | 88 | -16 | 4 | 0 |
30 Jun 20 | 94 | -23 | 4 | 0 |
31 Dec 19 | 104 | -17 | 1 | 0 |
30 Sep 19 | 106 | -29 | 1 | 0 |
30 Jun 19 | 108 | -41 | 1 | 0 |
31 Mar 19 | 111 | -38 | 1 | 0 |
31 Dec 18 | 114 | -36 | 1 | 0 |
30 Sep 18 | 111 | -19 | 1 | 0 |
30 Jun 18 | 107 | -1 | 1 | 0 |
31 Mar 18 | 98 | -1 | 1 | 0 |
31 Dec 17 | 88 | 0 | 0 | 0 |
30 Sep 17 | 81 | -1 | 0 | 0 |
30 Jun 17 | 74 | -1 | 0 | 0 |
31 Mar 17 | 82 | 1 | 1 | 0 |
31 Dec 16 | 90 | 3 | 1 | 0 |
30 Sep 16 | 105 | 11 | 1 | 0 |
30 Jun 16 | 121 | 20 | 1 | 0 |
31 Mar 16 | 110 | 13 | 1 | 0 |
31 Dec 15 | 99 | 7 | 1 | 0 |
30 Sep 15 | 84 | -1 | 0 | 0 |
30 Jun 15 | 69 | -9 | 0 | 0 |
31 Mar 15 | 70 | -4 | 0 | 0 |
31 Dec 14 | 72 | 1 | 0 | 0 |
30 Sep 14 | 93 | 3 | 0 | 0 |
30 Jun 14 | 113 | 5 | 0 | 0 |
31 Mar 14 | 125 | 6 | 18 | 0 |
31 Dec 13 | 137 | 7 | 15 | 0 |
30 Sep 13 | 125 | 6 | 15 | 0 |
30 Jun 13 | 114 | 5 | 15 | 0 |
31 Mar 13 | 123 | 5 | 6 | 0 |
Quality Earnings: VRS has high quality earnings.
Growing Profit Margin: VRS's current net profit margins (0.7%) are lower than last year (2.7%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: VRS has become profitable over the past 5 years, growing earnings by 68.6% per year.
Accelerating Growth: VRS's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: VRS had negative earnings growth (-77.2%) over the past year, making it difficult to compare to the Professional Services industry average (3.4%).
Return on Equity
High ROE: VRS's Return on Equity (2.2%) is considered low.