VTEX (NYSE:VTEX) Announces Quarterly Earnings Results, Beats Estimates By $0.04 EPS

VTEX (NYSE:VTEX) issued its quarterly earnings data on Tuesday. The company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.04, Briefing.com reports. The company had revenue of $56.50 million during the quarter, compared to the consensus estimate of $56.45 million. VTEX had a negative net margin of 3.87% and a negative return on equity of 3.32%. During the same quarter in the previous year, the firm posted ($0.04) earnings per share. VTEX’s revenue for the quarter was up 18.0% compared to the same quarter last year. VTEX updated its FY 2024 guidance to EPS and its Q3 2024 guidance to EPS.

VTEX Stock Up 15.0 %

Shares of VTEX stock traded up $0.90 during trading hours on Wednesday, reaching $6.92. 596,692 shares of the company’s stock were exchanged, compared to its average volume of 477,251. The company has a current ratio of 3.42, a quick ratio of 3.42 and a debt-to-equity ratio of 0.01. The company has a market cap of $1.27 billion, a price-to-earnings ratio of -171.50 and a beta of 1.37. VTEX has a fifty-two week low of $4.66 and a fifty-two week high of $9.59. The stock’s 50 day moving average is $6.78 and its 200-day moving average is $7.47.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. upped their price objective on VTEX from $9.00 to $10.00 and gave the stock an “overweight” rating in a research note on Wednesday. Five analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus 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.