VTEX (VTEX) Set to Announce Quarterly Earnings on Tuesday

VTEX (NYSE:VTEX) is set to release its earnings data after the market closes on Tuesday, November 5th. Analysts expect VTEX to post earnings of $0.02 per share for the quarter. VTEX has set its FY 2024 guidance at EPS and its Q3 2024 guidance at EPS.Individual interested in participating in the company’s earnings conference call can do so using this link.

VTEX (NYSE:VTEX) last posted its earnings results on Tuesday, August 6th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.04. VTEX had a net margin of 1.51% and a return on equity of 1.36%. The business had revenue of $56.50 million for the quarter, compared to analyst estimates of $56.45 million. During the same period in the prior year, the company posted ($0.04) EPS. The company’s revenue for the quarter was up 18.0% on a year-over-year basis. On average, analysts expect VTEX to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

VTEX Price Performance

Shares of VTEX stock opened at $6.74 on Friday. The firm has a market cap of $1.24 billion, a PE ratio of 224.74 and a beta of 1.40. VTEX has a twelve month low of $5.47 and a twelve month high of $9.59. The company has a quick ratio of 3.61, a current ratio of 3.61 and a debt-to-equity ratio of 0.01. The business has a 50-day moving average price of $7.00 and a 200 day moving average price of $7.00.

Wall Street Analyst Weigh In

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

About VTEX

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.