VTEX (VTEX) to Release Quarterly Earnings on Tuesday

VTEX (NYSE:VTEX) will issue its quarterly earnings data after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of ($0.02) per share for the quarter. VTEX has set its FY 2024 guidance at EPS and its Q1 2024 guidance at EPS.Persons that are interested in registering for the company’s earnings conference call can do so using this link.

VTEX (NYSE:VTEX) last posted its quarterly earnings data on Tuesday, February 27th. The company reported $0.02 earnings per share for the quarter. VTEX had a negative return on equity of 5.16% and a negative net margin of 6.48%. The firm had revenue of $60.70 million during the quarter, compared to analyst estimates of $57.07 million. The firm’s revenue for the quarter was up 33.4% 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 Stock Up 5.1 %

Shares of VTEX stock opened at $7.90 on Friday. The stock’s 50-day moving average is $8.15 and its 200 day moving average is $7.33. VTEX has a one year low of $3.51 and a one year high of $9.59. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of -112.84 and a beta of 1.41. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.45 and a quick ratio of 3.45.

Wall Street Analysts Forecast Growth

VTEX has been the topic of a number of research analyst reports. Piper Sandler increased their price target on VTEX from $9.00 to $10.00 and gave the stock an “overweight” rating in a report on Wednesday, February 28th. Bank of America upped their price objective on shares of VTEX from $8.50 to $12.00 and gave the company a “buy” rating in a report on Monday, January 22nd. JPMorgan Chase & Co. raised their target price on VTEX from $6.50 to $9.00 and gave the company a “neutral” rating in a research note on Friday, March 1st. Finally, UBS Group upped their price target on VTEX from $8.50 to $12.00 and gave the stock a “buy” rating in a research note on Monday, March 25th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, VTEX presently has a consensus rating of “Moderate Buy” and a consensus price target of $8.44.

VTEX Company Profile

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.