Analysts at RBC Capital provided their outlook on Verisk Analytics, Inc. (NASDAQ:VRSK) ahead of the company’s upcoming Q2 earnings, which will be released on July 29.

The analysts expect Q2 revenues modestly below the Street estimates as the tailwinds from insurance premium growth and international travel are more than offset by a slowdown in workers comp, difficult comps from the Texas freeze, and Russia/Ukraine headwinds.

According to the analysts, Q2 margins will likely be impacted by the stranded costs along with similar margin headwinds in Q1, however, the analysts believe the financial divestiture should drive higher consolidated margins.

The analysts reduced their price target on the company’s shares to $210 from $227 but maintain the outperform rating as the defensive end-market and portfolio rationalization position the stock well in a choppy tape.