VTEX (NYSE:VTEX) Posts Quarterly Earnings Results, Hits Estimates

VTEX (NYSE:VTEXGet Free Report) issued its quarterly earnings results on Tuesday. The company reported $0.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.02, Briefing.com reports. The business had revenue of $56.00 million during the quarter, compared to analysts’ expectations of $57.20 million. VTEX had a return on equity of 1.36% and a net margin of 1.51%. The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.01) earnings per share. VTEX updated its FY 2024 guidance to EPS and its Q4 2024 guidance to EPS.

VTEX Price Performance

NYSE VTEX traded down $0.01 on Thursday, hitting $6.71. 548,408 shares of the company’s stock were exchanged, compared to its average volume of 476,735. The stock has a 50-day moving average of $6.97 and a 200-day moving average of $6.99. The company has a current ratio of 3.61, a quick ratio of 3.61 and a debt-to-equity ratio of 0.01. VTEX has a 52 week low of $5.72 and a 52 week high of $9.59. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of 112.08 and a beta of 1.40.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. boosted their price target on VTEX from $9.00 to $10.00 and gave the company an “overweight” rating in a research note on Wednesday, August 7th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $10.40.

View Our Latest Report on VTEX

VTEX Company Profile

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VTEX provides software-as-a-service digital commerce platform for enterprise brands and retailers. Its platform enables customers to execute their commerce strategy, including building online stores, integrating, and managing orders across channels, and creating marketplaces to sell products from third-party vendors.

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Earnings History for VTEX (NYSE:VTEX)

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