VTEX (NYSE:VTEX) Expected to Announce Quarterly Sales of $33.50 Million

Wall Street brokerages forecast that VTEX (NYSE:VTEX – Get Rating) will announce $33.50 million in sales for the current quarter, Zacks reports. Three analysts have made estimates for VTEX’s earnings, with estimates ranging from $33.21 million to $34.00 million. The firm is scheduled to announce its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that VTEX will report full year sales of $159.99 million for the current financial year, with estimates ranging from $159.98 million to $160.00 million. For the next fiscal year, analysts forecast that the firm will report sales of $203.46 million, with estimates ranging from $195.28 million to $210.26 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow VTEX.

VTEX (NYSE:VTEX – Get Rating) last announced its quarterly earnings data on Thursday, February 24th. The company reported ($0.06) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.10) by $0.04. The business had revenue of $37.12 million during the quarter, compared to the consensus estimate of $36.32 million. VTEX had a negative return on equity of 30.91% and a negative net margin of 48.11%.

VTEX has been the subject of a number of recent analyst reports. Credit Suisse Group initiated coverage on VTEX in a research report on Saturday, February 12th. They issued a “neutral” rating and a $10.00 price objective for the company. KeyCorp lowered their price objective on VTEX from $25.00 to $10.00 and set an “overweight” rating for the company in a research report on Tuesday, January 25th. Zacks Investment Research raised VTEX from a “hold” rating to a “buy” rating and set a $9.00 price target for the company in a research report on Saturday, February 19th. Piper Sandler initiated coverage on VTEX in a research report on Tuesday, January 18th. They set an “overweight” rating and a $13.00 price target for the company. Finally, The Goldman Sachs Group raised VTEX from a “neutral” rating to a “buy” rating and lowered their price target for the company from $26.00 to $16.00 in a research report on Tuesday, January 18th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, VTEX presently has an average rating of “Buy” and an average price target of $21.29.

Several institutional investors and hedge funds have recently modified their holdings of VTEX. Kornitzer Capital Management Inc. KS acquired a new position in shares of VTEX during the third quarter worth about $1,131,000. VELT Partners Investimentos Ltda. acquired a new position in shares of VTEX during the third quarter worth about $18,552,000. Kiron Capital Gestao de Recursos Ltda. acquired a new position in shares of VTEX during the third quarter worth about $6,296,000. Candriam Luxembourg S.C.A. acquired a new position in shares of VTEX during the third quarter worth about $5,492,000. Finally, Jennison Associates LLC acquired a new position in shares of VTEX during the third quarter worth about $18,533,000. Institutional investors own 41.24% of the company’s stock.

Shares of NYSE:VTEX traded down $0.19 during midday trading on Wednesday, reaching $6.02. The company’s stock had a trading volume of 293,088 shares, compared to its average volume of 889,817. The company has a debt-to-equity ratio of 0.02, a current ratio of 5.94 and a quick ratio of 5.94. VTEX has a 1 year low of $5.70 and a 1 year high of $33.36. The business has a 50 day moving average price of $7.02 and a 200 day moving average price of $11.27.

VTEX Company Profile (Get Rating)

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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