11:33 AM EDT, 10/17/2024 (MT Newswires) -- Verisk Analytics ( VRSK ) is expected to reaffirm full-year guidance and focus on investing in operations, paying dividends, "executing tuck-in M&A" and buying back stock, RBC Capital Markets said Wednesday in a report.

The 2024 guidance includes 6% to 8% revenue growth from a year earlier, RBC said. Results for Q3 are expected Oct. 30.

A conservative revenue estimate of $$718.2 million in Q3 trails the consensus, and sales growth is expected to improve at the data analytics and risk assessment company starting in Q4, RBC said.

RBC raised its price target on Verisk to $300 from $268 and maintained its outperform rating.

Verisk shares fell 0.4% in recent Thursday trading.

Price: 269.51, Change: -1.09, Percent Change: -0.40