VTEX (VTEX) Set to Announce Quarterly Earnings on Tuesday

VTEX (NYSE:VTEX) is scheduled to release its earnings data after the market closes on Tuesday, May 7th. Analysts expect VTEX to post earnings of ($0.02) per share for the quarter. VTEX has set its FY 2024 guidance at EPS and its Q1 2024 guidance at EPS.Persons interested in participating in the company’s earnings conference call can do so using this link.

VTEX (NYSE:VTEX) last posted its earnings results on Tuesday, February 27th. The company reported $0.02 EPS for the quarter. VTEX had a negative net margin of 6.48% and a negative return on equity of 5.16%. The firm had revenue of $60.70 million during the quarter, compared to analysts’ expectations of $57.07 million. The firm’s quarterly revenue was up 33.4% on a year-over-year basis. On average, analysts expect VTEX to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

VTEX Price Performance

Shares of NYSE VTEX opened at $7.90 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.45 and a quick ratio of 3.45. VTEX has a 1 year low of $3.51 and a 1 year high of $9.59. The company’s 50-day moving average is $8.15 and its 200 day moving average is $7.33. The stock has a market capitalization of $1.45 billion, a P/E ratio of -112.84 and a beta of 1.41.

Analysts Set New Price Targets

VTEX has been the subject of several research reports. JPMorgan Chase & Co. increased their target price on VTEX from $6.50 to $9.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. Bank of America raised their price objective on VTEX from $8.50 to $12.00 and gave the company a “buy” rating in a research report on Monday, January 22nd. UBS Group upped their target price on shares of VTEX from $8.50 to $12.00 and gave the stock a “buy” rating in a research report on Monday, March 25th. Finally, Piper Sandler lifted their price target on shares of VTEX from $9.00 to $10.00 and gave the company an “overweight” rating in a research report on Wednesday, February 28th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $8.44.

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.