VTEX (NYSE:VTEX) Releases Earnings Results, Hits Estimates

VTEX (NYSE:VTEX) announced its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $57.20 million. VTEX had a net margin of 1.51% and a return on equity of 1.36%. The company’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.01) earnings per share. VTEX updated its FY 2024 guidance to EPS and its Q4 2024 guidance to EPS.

VTEX Stock Performance

NYSE:VTEX traded up $0.06 during midday trading on Thursday, reaching $6.78. 139,929 shares of the company traded hands, compared to its average volume of 474,844. VTEX has a twelve month low of $5.72 and a twelve month high of $9.59. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of 112.08 and a beta of 1.40. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.61 and a quick ratio of 3.61. The company has a fifty day moving average price of $6.97 and a 200 day moving average price of $6.99.

Wall Street Analysts Forecast Growth

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

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.