$38.09 Million in Sales Expected for VTEX (NYSE:VTEX) This Quarter

Equities research analysts expect VTEX (NYSE:VTEX – Get Rating) to post sales of $38.09 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for VTEX’s earnings, with the highest sales estimate coming in at $38.26 million and the lowest estimate coming in at $38.00 million. VTEX posted sales of $30.87 million in the same quarter last year, which would indicate a positive year over year growth rate of 23.4%. The company is scheduled to announce its next earnings results on Monday, January 1st.

On average, analysts expect that VTEX will report full-year sales of $161.09 million for the current year, with estimates ranging from $159.98 million to $162.10 million. For the next financial year, analysts expect that the firm will report sales of $205.65 million, with estimates ranging from $198.33 million to $210.26 million. Zacks’ sales averages are an average based on a survey of analysts that cover VTEX.

VTEX (NYSE:VTEX – Get Rating) last released its quarterly earnings data on Thursday, February 24th. The company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.04. The company had revenue of $37.12 million during the quarter, compared to analyst estimates of $36.32 million. VTEX had a negative net margin of 49.92% and a negative return on equity of 26.02%.

A number of equities analysts have issued reports on VTEX shares. Zacks Investment Research downgraded shares of VTEX from a “buy” rating to a “hold” rating in a report on Thursday, April 28th. Credit Suisse Group raised shares of VTEX from a “neutral” rating to an “outperform” rating and cut their price objective for the stock from $10.00 to $8.00 in a report on Friday, April 29th. Piper Sandler cut their price objective on shares of VTEX from $13.00 to $11.00 and set an “overweight” rating on the stock in a report on Monday, April 25th. Finally, KeyCorp cut their price objective on shares of VTEX from $25.00 to $10.00 and set an “overweight” rating on the stock in a report on Tuesday, January 25th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, VTEX has a consensus rating of “Buy” and a consensus target price of $20.84.

A number of institutional investors have recently made changes to their positions in VTEX. Morgan Stanley bought a new stake in VTEX in the 3rd quarter valued at about $29,000. UBS Group AG bought a new stake in VTEX in the 3rd quarter valued at about $32,000. US Bancorp DE bought a new stake in shares of VTEX during the third quarter valued at about $39,000. Advisors Asset Management Inc. bought a new stake in shares of VTEX during the first quarter valued at about $59,000. Finally, Citigroup Inc. increased its position in shares of VTEX by 1,707.8% during the first quarter. Citigroup Inc. now owns 10,829 shares of the company’s stock valued at $66,000 after buying an additional 10,230 shares during the period. Institutional investors and hedge funds own 48.60% of the company’s stock.

Shares of VTEX stock opened at $4.06 on Tuesday. The firm has a market capitalization of $760.27 million and a PE ratio of -10.92. The firm has a fifty day simple moving average of $5.81 and a two-hundred day simple moving average of $8.83. The company has a current ratio of 5.48, a quick ratio of 5.48 and a debt-to-equity ratio of 0.02. VTEX has a 12 month low of $3.87 and a 12 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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