Vimeo (VMEO) to Release Earnings on Wednesday

Vimeo (NASDAQ:VMEO – Get Rating) is scheduled to be releasing its earnings data after the market closes on Wednesday, May 4th. Analysts expect Vimeo to post earnings of ($0.15) per share for the quarter. Vimeo has set its Q1 2022 guidance at EPS and its FY 2022 guidance at EPS.Investors interested in listening to the company’s conference call can do so using this link.

Vimeo (NASDAQ:VMEO – Get Rating) last issued its quarterly earnings data on Wednesday, February 9th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by ($0.06). Vimeo had a negative net margin of 13.47% and a negative return on equity of 12.64%. The firm had revenue of $106.12 million during the quarter, compared to analyst estimates of $105.27 million. On average, analysts expect Vimeo to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Shares of NASDAQ:VMEO opened at $10.29 on Wednesday. Vimeo has a 52-week low of $9.20 and a 52-week high of $58.00. The company has a 50 day moving average of $11.91 and a two-hundred day moving average of $17.41. The company has a market capitalization of $1.70 billion and a price-to-earnings ratio of -31.18.

Several analysts have issued reports on VMEO shares. Truist Financial lowered their price objective on shares of Vimeo from $36.00 to $22.00 in a research report on Monday, February 14th. Jefferies Financial Group lowered their price objective on shares of Vimeo from $35.00 to $25.00 in a research report on Friday, February 11th. Piper Sandler decreased their price target on shares of Vimeo from $33.00 to $18.00 and set an “overweight” rating for the company in a research report on Friday, February 11th. Zacks Investment Research raised shares of Vimeo from a “sell” rating to a “hold” rating in a research report on Thursday, April 14th. Finally, Wells Fargo & Company decreased their price target on shares of Vimeo from $33.00 to $20.00 and set an “overweight” rating for the company in a research report on Monday, February 14th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Vimeo presently has a consensus rating of “Hold” and an average price target of $22.00.

Institutional investors have recently added to or reduced their stakes in the business. Carroll Investors Inc acquired a new position in Vimeo in the fourth quarter worth $73,000. NEXT Financial Group Inc acquired a new position in Vimeo in the fourth quarter worth $73,000. Metropolitan Life Insurance Co NY acquired a new position in Vimeo in the fourth quarter worth $162,000. Amalgamated Bank acquired a new position in Vimeo in the fourth quarter worth $539,000. Finally, Wells Fargo & Company MN acquired a new position in Vimeo in the fourth quarter worth $677,000. 80.67% of the stock is owned by hedge funds and other institutional investors.

Vimeo Company Profile (Get Rating)

Vimeo, Inc, together with its subsidiaries, provides video software solutions in New York and internationally. The company provides the video tools through a software-as-a-service model, which enables its users to create, collaborate, and communicate with video on a single platform. It also offers over-the-top OTT streaming and monetization services; AI-driven video creation and editing tools; and interactive and shoppable video tools.

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