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

• Red Violet Inc RDVT.OQ reported quarterly adjusted earnings of 28 cents​​ per share for the quarter ended June 30. The lone analyst forecast for the quarter was for earnings of 28 cents per share.

• Revenue was $21.77 million​; analysts expected $21.45 million.

• Red Violet Inc's reported EPS for the quarter was 18 cents​.

• The company reported quarterly net income of $2.69 million.

• Red Violet Inc shares had fallen by 10.5% this quarter and gained 22.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 17.4% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the software peer group is also "buy"

• Wall Street's median 12-month price target for Red Violet Inc is $56.00, about 21.4% above its last closing price of $44.01

This summary was machine generated from LSEG data August 6 at 09:02 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)