$33.43 Million in Sales Expected for VTEX (NYSE:VTEX) This Quarter

Brokerages predict that VTEX (NYSE:VTEXGet Rating) will post $33.43 million in sales for the current fiscal quarter, Zacks reports. Four analysts have made estimates for VTEX’s earnings. The lowest sales estimate is $33.19 million and the highest is $34.00 million. The firm is scheduled to issue its next quarterly earnings results after the market closes on Monday, January 1st.

On average, analysts expect that VTEX will report full-year sales of $160.06 million for the current year, with estimates ranging from $159.98 million to $160.27 million. For the next year, analysts anticipate that the company will report sales of $204.22 million, with estimates ranging from $198.33 million to $210.26 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow VTEX.

VTEX (NYSE:VTEXGet Rating) last posted its quarterly earnings results on Thursday, February 24th. The company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.04. The company had revenue of $37.12 million for 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 topic of several recent research reports. Zacks Investment Research downgraded VTEX from a “buy” rating to a “hold” rating in a research note on Thursday, April 28th. The Goldman Sachs Group raised VTEX from a “neutral” rating to a “buy” rating and lowered their price objective for the company from $26.00 to $16.00 in a research report on Tuesday, January 18th. Piper Sandler lowered their price objective on VTEX from $13.00 to $11.00 and set an “overweight” rating on the stock in a research report on Monday, April 25th. Credit Suisse Group raised VTEX from a “neutral” rating to an “outperform” rating and lowered their price objective for the company from $10.00 to $8.00 in a research report on Friday, April 29th. Finally, KeyCorp lowered their price objective on VTEX from $25.00 to $10.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 25th. 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, the company presently has a consensus rating of “Buy” and an average price target of $20.84.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VTEX. Lone Pine Capital LLC bought a new position in shares of VTEX during the 3rd quarter valued at $108,504,000. Gavea Investimentos Ltda bought a new position in shares of VTEX during the 3rd quarter valued at $85,647,000. Capital Research Global Investors bought a new position in shares of VTEX during the 4th quarter valued at $37,110,000. Viking Global Investors LP bought a new position in VTEX in the 3rd quarter worth $62,551,000. Finally, Goldman Sachs Group Inc. bought a new position in VTEX in the 3rd quarter worth $43,799,000. 48.60% of the stock is currently owned by hedge funds and other institutional investors.

VTEX stock opened at $5.35 on Wednesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 5.94 and a current ratio of 5.94. The stock’s 50 day moving average is $6.47 and its 200 day moving average is $10.09. VTEX has a twelve month low of $5.06 and a twelve month high of $33.36.

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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Earnings History and Estimates for VTEX (NYSE:VTEX)

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